It is important to wait for the close of the candle, look, the Tenkan rejected the prices
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DislikedIt is important to wait for the close of the candle, look, the Tenkan rejected the prices {image}Ignored
DislikedHeads up for a GBP-USD 30 min. chart setup. Is this correct? Edit: Of course after bar close above ichimoku lines, or close above 5EMA with TDI cross {image}Ignored
Disliked{quote} For me, the setup looks good. You can also analyse price on the 15 min chart that shows a clear pattern there too. Price must also cross its trendline (thin black line) and be sure that it is over tanken and kijun on the higher timeframe (hint from Dany), which it does (in my example on the 1 hr chart). But I'm afraid price could go lower. {image}Ignored
DislikedMaybe setup forming? Looks good to me (waiting till close above tenkan/kijun lines, and price is above lines on higher TF etc, but divergence looks nice to me {image}Ignored
Disliked{quote} I would say that you are right. If price crosses ichimoku lines and its own trendline, there is a chance for some pips because all criteria are met. But I would be careful not to expect to many and would keep my stop loss tight. If you look at the 4hr chart, you can see that it's been going up for some time now and there is a pressure from sellers (rejection candles). Also, there is a hidden divergence forming on the daily chart, wich means that it can reverse anytime. Especially that it is knocking at a major resistance level (horizontal...Ignored