Just trying to understand more with Ichimoku and everything else, not very certain about that but here's my thinking process
- Triangle, KS and TS together, if they move downward and prices touch KS below the kumo cloud might be a good signal to short, combining to the possible breakout of the last week trend
- A lot of resistance in 1.1470/1.150 area, if we move down we could have space until next support (around 1.11)
- Never breaked upwards the Median Line
I guess SL should be around 1.138 and breaking 1.15 would change completely the field
I would recomend you to analyze more "price action-based", those kind of indicators (MACD, ickimoku) are an idea of the trend and they give delayed signals.
Thats my experience with those kind of indicators, in my opinion they´re useless.
Trade safe, Good luck! :)
m.pentaz
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I will, thanks. Any suggestion on that?
m.pentaz
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update SL: i guess it should be above the kumo where it could breakout the triangle, lower median line as well.
Thats my experience with those kind of indicators, in my opinion they´re useless.
Trade safe, Good luck! :)