This is where the chart gets its name.
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Ichimoku Kumo is the always projected at 26 candles in front of the current price. This indicator allows you to see either the uptrend or downtrend or if the market is moving sideways ranging. If the price is inside the cloud, then the market is moving sideways. When the market is in a downward trend, look for the Put signal.
Put signals are what happens when the red goes below the blue line. Essentially, the cloud helps you to place stops and recognize when to be bullish or bearish. And this is excellent, since protecting your capital is the main battle you as a trader must face. You can focus on candlesticks or price action analysis around the cloud.
Ichimoku (Ichimoku Cloud): settings, signals, strategies
This will help you see if a decisive reversal or continuation pattern will take shape. Simply put, above the cloud means look for buying entries. The Kijun sen Kijun line is by default, a blue coloured line on the Ichimoku indicator. It can be likened to the slow moving average, providing a support or resistance to the price action depending on the direction the asset will assume.
A greater degree of slope points towards a market which is strongly trending.
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If the degree of slope is small, it is indicative of a market in consolidation. An ideal situation would therefore be one in which the Tenkan line crosses the Kijun line with a sharp angulation, with the Kijun line also trending in either direction with a sharp slope, showing that enough momentum exists for the strategy to produce profits.
This strategy has two components designed to complement each other and ensure that the signals produced are going to stand the test of market and produce profits. The key to the strategy is to identify the TK cross, and the relative position of the TK cross to the Kumo. Putting this all together, we have the TK cross strategy for the binary options market playing out as follows:.
A Call trade setup occurs when the Tenkan line crosses the Kijun line in an upward direction, with a sharp angulation and when the price of the asset located above the Kumo, since the Kumo in this case will function as a price support. This setup is seen below:. When the setup occurs as is shown by the brown circled area, the trader should open a CALL trade at the open of the next candle.
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