nice to have another ichimoku trader here, patiently following...
SwissPips
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Yes let's see how it goes
Tv1969
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very nice and thorough
SwissPips
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Thank you very much
SwissPips
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SwissPips
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0.67800 the support
aswam
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Good analysis. Re. line 3 on the comments, I see that price have gone past bullishly above weekly and daily Kijun Sen (KS). However, Chikou Span or Lagging Span is heading towards the historical price consolidation at 0.6970 indicated by the flat weekly KS. Please correct me if I'm wrong.
I guess price could reach that point without much fuss!
SwissPips
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Yes actually as you can see on the weekly we have this big bullish candle which has TS and KS as support. It should go and test at least the extension of its KS (flat line) at around o.6970. LS is also free of any obstacle until this flat KS. This makes me think that next week's candle will be blue as well :-)
aswam
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Thanks. I'm watching 0.6875 which is a double top in Oct. and Dec. 2015. Past that, the next target will be 0.6970. Not entered my trade yet, waiting for a possible pull back on the 4H.
aswam
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Also the price may get rejected as the Chikou Span nears the long term Trend Line!