Ichimoku long setup: USDCAD

29 Kas 2018

There was a massive sell off on the USD, thanks to Powell's speech. However, price has now reached equilibrium. On the H4 TF, we see a morning star formation and a doji sitting nicely on the kijun sen. The kijun level also happens to be the previous resistance turned support. All Ichimoku signs are bullish, with a parallel angulation of the tenkan sen and kijun sen observed on the daily TF as well. This suggests strong bullish momentum. %R confirms a bullish bias and there is hidden bullish divergence on UO.

29 Kas 2018

İşlem aktif

Buy stop triggered.

30 Kas 2018

İşlem elle kapatılmış

Trade was closed with 0.8 pips profit (break-even) because H4 tenkan is pointing downward, which suggests a possible bearish tenkan-kijun cross that would invalidate our long trade.