For anyone interested in Ichimoku setups, here you go...
With a thick cloud acting as strong resistance, price will have to break through to become bullish on the daily according to Ichimoku rules. Traders could look for a short at the bounce off the cloud. There are 2 stop options depending on ones risk appetite. If Chichou (yellow circle on left) can break through, the downward move will be very likely. Use other indicators to compliment Ichi and help get a good entry.
This is for educational purposes and always remember the market does what it wants, we just make sure we are ready to capitalize on the opportunities it presents to us. Take care!
Tips always welcome if my idea helps! : )
BTC ~ 3AzvnCnCE84CCBrJgbYJoZReGomeFWWQnc
ETH ~ 0x6BD4C177BA087B83c4505d1a997167b0fcFe6D74
LTC ~ MKpsqHCkYVZWgC8GyWERA5WJerxosgduKz
With a thick cloud acting as strong resistance, price will have to break through to become bullish on the daily according to Ichimoku rules. Traders could look for a short at the bounce off the cloud. There are 2 stop options depending on ones risk appetite. If Chichou (yellow circle on left) can break through, the downward move will be very likely. Use other indicators to compliment Ichi and help get a good entry.
This is for educational purposes and always remember the market does what it wants, we just make sure we are ready to capitalize on the opportunities it presents to us. Take care!
Tips always welcome if my idea helps! : )
BTC ~ 3AzvnCnCE84CCBrJgbYJoZReGomeFWWQnc
ETH ~ 0x6BD4C177BA087B83c4505d1a997167b0fcFe6D74
LTC ~ MKpsqHCkYVZWgC8GyWERA5WJerxosgduKz