4hour Ichimoku cloud analysis

[GOR FX]

Hello Traders, After some rapid moves due to the fundamentals, the EUR/JPY formed a pinbar out of the H4 and plummeted a cool 200 pips. Well there is still another fundamental release today with draghi scheduled to speaker later in the day more moves are expected. A failed break above the resistance followed by a compulsive move down was definitely enough reason to take profit from the longs held long term.


Looking at the Ichimoku cloud, the pair has pierced and is well into the middle. To go short, we would have to wait for a complete break and retest of the lower edge confirmed by a break below 130.30 before entry. Else if, if the bullish trend is to resume, we would have to wait for a break above 132.36.

For now we just have to stay put before opening any trade.

 

[alanrox]

Hello Traders, After some rapid moves due to the fundamentals, the EUR/JPY formed a pinbar out of the H4 and plummeted a cool 200 pips. Well there is still another fundamental release today with draghi scheduled to speaker later in the day more moves are expected. A failed break above the resistance followed by a compulsive move down was definitely enough reason to take profit from the longs held long term.


Looking at the Ichimoku cloud, the pair has pierced and is well into the middle. To go short, we would have to wait for a complete break and retest of the lower edge confirmed by a break below 130.30 before entry. Else if, if the bullish trend is to resume, we would have to wait for a break above 132.36.

For now we just have to stay put before opening any trade.
View attachment 9407

Hello Gor,

Good analysis mate ? Any idea on GU, EU & AU pairs ?

Coz I don't like to trade Yen pairs

 

[GOR FX]

GBP/USD Short

Hey Traders, Back with another possible Ichimoku cloud entry on the GBP/USD. Looking at the pair, we can see the predominant downtrend is set to continue as no major
reversal signals have been seen so far.
The price retraced back to the cloud at the open of the European session and has barely pierced this barrier. We therefore have to wait for three hours before taking this trade for the confirmation of this resistance level.

 

[alanrox]

Hey Traders, Back with another possible Ichimoku cloud entry on the GBP/USD. Looking at the pair, we can see the predominant downtrend is set to continue as no major
reversal signals have been seen so far.
The price retraced back to the cloud at the open of the European session and has barely pierced this barrier. We therefore have to wait for three hours before taking this trade for the confirmation of this resistance level.
View attachment 9523

Gor my friend. How are the things ?

Cable going up... Any levels to look for shorts ?

 

[GOR FX]

Eur/aud

This so far is the best chance this week. Off the cloud a cool bounce on Monday from a small piercing
pattern on H4. 2 days later here we are 250 pips from this cross. Keep watching for more to come.

 

[brendyfx]

This so far is the best chance this week. Off the cloud a cool bounce on Monday from a small piercing
pattern on H4. 2 days later here we are 250 pips from this cross. Keep watching for more to come.
View attachment 9603

Hello Gor


Wow nice one Gor.......

Brendy

 

[GOR FX]

CAD/JPY Perfect?

After a massive 300+ pip pull back, the CAD/JPY just like other yen pairs has been loosing it quite rapidly. After the uptrend,
we saw the formation of a pinbar on the lower edge of the Ichimoku cloud followed by a confirmation and quite a very interesting down move ensued there..



gor

 

[GOR FX]

Aud/cad

Hello traders, its a good friday and the Ichimoku is really getting me to the weekend mood with a nice set up on the AUD/CAD H4. After a week drop, the pair had a price correction that seems to have ended at the lower edge of the Kumo, after the formation of a bearish engulfing candle having failed to create any new highs and none of the candles closing/opening inside the cloud. This looks more of a continuation of the bearish move.....

GOR

 

[GOR FX]

This is how I see the EUR/JPY

A brief look at the EUR/JPY Ichimoku H1, the price has been bouncing off the lower kumo edge and has been
resisted further lower several times. This is just a repeat of the pattern, after a bearish engulfing pattern on the lower cloud
edge.

 

[GOR FX]

GBP/USD long

Well ahead of the FOMC announcement at the middle of the US session, looking at the currently forming bullish engulfing pattern off the cloud, this looks like a signal that will
mark the end of the corrective move.

Keeping tabs on this one, waiting to get in later in the day.