We have the beginning of a macd x on the 4 hr. Tenkan Sen, about to cross Kijun Sen on the Ichimoku. Chikou Span crossing above previous the price line, and price breaking out of cloud will be another bullish confirmation. RDD is giving us more and more signs. As always be careful, set stop losses and/or alerts, never panic. Happy trading!
Hello, thanks for your analysis mate, can you please put some targets?
DrDan
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Thanks for this. I'll have to learn more about Ichimoku. Not sure how it affects target points. Any advisement would be apprecited.
kharak
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@DrDan, Yes! There are a few ways of using Ichi for sell signals. One way is to wait for a Kijun to cross Tenkan. Another way is using Kijun and tenkan lines as a support, so when price dips below the line you sell, Tenkan being safer, but easier to miss on more growth, Kijun being lower, you wont sell as high but wont miss out on more growth. Another way is using the top of the newly formed cloud as a stop loss line. But really its much stronger when combining other indicators like RSI, MACD, fib lines.