XAUUSD (Gold H4)
The price broker KS (showing bears weaken) and it gives us clue that the price can retest the cloud. As you can see the cloud is in the resistance level area. There we can look for a sell signal.
By analying like this we can make a decision based on 2 criteria below
a. Stand aside , wait for a confirmation signal
b. take an entry either to buy or sell
for the case of Gold, i choose option a that is stand aside now and wait for a confirmation signal.
Time frame H4 is my option for my full work time that does not allow me to see chart very often.
Other can use the other time frame and use other strategy.
That analysis is one of the many strategies using Ichimoku. But, the one strategy i using now is the combination of PA and Ichimoku.
Hoping this analysis can cheer this thread more.
The price broker KS (showing bears weaken) and it gives us clue that the price can retest the cloud. As you can see the cloud is in the resistance level area. There we can look for a sell signal.
By analying like this we can make a decision based on 2 criteria below
a. Stand aside , wait for a confirmation signal
b. take an entry either to buy or sell
for the case of Gold, i choose option a that is stand aside now and wait for a confirmation signal.
Time frame H4 is my option for my full work time that does not allow me to see chart very often.
Other can use the other time frame and use other strategy.
That analysis is one of the many strategies using Ichimoku. But, the one strategy i using now is the combination of PA and Ichimoku.
Hoping this analysis can cheer this thread more.