Hi Guys!
This is my first idea to be published.. so be kind with me :)
I'm sorry for my english, hope to write everything correctly.
Here we have an IDEA on AUDCHF.
In the D1 chart, price has just broken an important Fibonacci Support at 0.73288, and now it is trying to retest it.
Thanks to Ichimoku Cloud we can see that the trend is going down very well in the last week, so we can suppose a continuation in this direction.
A wonderful cross under the Kumo helps us to take the sell decision because of the strength of the signal, confirmed by the position of Tenkan (red line) and Kijun (blue line) both. We have another confirmation from the Chikou Span (the green line), which filters the signal. Being from the right side of the price (you can see the price has been cut from the Chikou) gives us another important and strong confimation on the sell idea.
Ichimoku is a trend follower, so we do not have a static TP or SL.
The idea is that we can close the loosing position if the candle close over the blue line (represented by the "short position" i placed on the chart).
If the idea is correct we can expect price going down at least until the new Fibo Support at 0.71806.
Hope u liked it
So thank you GUYS!
This is my first idea to be published.. so be kind with me :)
I'm sorry for my english, hope to write everything correctly.
Here we have an IDEA on AUDCHF.
In the D1 chart, price has just broken an important Fibonacci Support at 0.73288, and now it is trying to retest it.
Thanks to Ichimoku Cloud we can see that the trend is going down very well in the last week, so we can suppose a continuation in this direction.
A wonderful cross under the Kumo helps us to take the sell decision because of the strength of the signal, confirmed by the position of Tenkan (red line) and Kijun (blue line) both. We have another confirmation from the Chikou Span (the green line), which filters the signal. Being from the right side of the price (you can see the price has been cut from the Chikou) gives us another important and strong confimation on the sell idea.
Ichimoku is a trend follower, so we do not have a static TP or SL.
The idea is that we can close the loosing position if the candle close over the blue line (represented by the "short position" i placed on the chart).
If the idea is correct we can expect price going down at least until the new Fibo Support at 0.71806.
Hope u liked it
So thank you GUYS!