GBPUSD - ICHIMOKU CHECKLIST
Weekly
Price vs Kumo: DOWN
Tenkan vs Kijun: DOWN
Chikou vs Kumo, Price vs Kijun: DOWN
Kumo future: DOWN
Candle : Pin bar (strong rejection)
Daily
Price vs Kumo: DOWN
Tenkan vs Kijun: DOWN
Chikou vs Kumo, Price vs Kijun: MIXED
Kumo future: DOWN
Candle : Pin bar on 3Jan19 (strong rejection)
H4
Price vs Kumo: UP
Tenkan vs Kijun: UP
Chikou vs Kumo, Price vs Kijun: UP
Kumo future: UP
Trade Plan: Weekly & Daily in DOWN trend. Pin bar, a strong rejection in weekly&daily chart indicate weekly&daily down is weak. H4, wait pair to return to support area for LONG trade there. Target RR@1:2 or higher.
Weekly
Price vs Kumo: DOWN
Tenkan vs Kijun: DOWN
Chikou vs Kumo, Price vs Kijun: DOWN
Kumo future: DOWN
Candle : Pin bar (strong rejection)
Daily
Price vs Kumo: DOWN
Tenkan vs Kijun: DOWN
Chikou vs Kumo, Price vs Kijun: MIXED
Kumo future: DOWN
Candle : Pin bar on 3Jan19 (strong rejection)
H4
Price vs Kumo: UP
Tenkan vs Kijun: UP
Chikou vs Kumo, Price vs Kijun: UP
Kumo future: UP
Trade Plan: Weekly & Daily in DOWN trend. Pin bar, a strong rejection in weekly&daily chart indicate weekly&daily down is weak. H4, wait pair to return to support area for LONG trade there. Target RR@1:2 or higher.