My thoughts are to sell on a bearish reversal candle, perhaps spinning top or whatever with a stop at or around 1.32 levels from early April if the pivot high is not violated, move stop loss to that level (1.314) on entry. Take profits/reassess at 1.28
Ichimoku_Trader
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Nice plan
The idea here was to drill the TS breakout trade (used as a trend line)
Your idea is also perfectly fine
Thanks
NextgenDad
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Wait on the retest of the cloud and break of the TS and go short since there is no kumo twist yet market is still Bear . Ideally the KS will flip down
Ichimoku_Trader
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thanks
rampulsar
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I would wait, until KS gives me the exact direction
Ichimoku_Trader
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thanks
tmugleston
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tmugleston
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Is this a similar situation? Price crosses TS with a strong candle formation, so you take a long?
Ichimoku_Trader
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well I would take it but you shouldn't because KS is down
araguaney
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ok let me take a crack at it, in this chart price has broken dinamic and static KS (althouh i know how to look at static KS in the 1H sometimes the higher times frames confuseeme on that part), so the trend up has been stablish, at this point, price seen to be trading around TS as an APL, so i think a strategy for this would be waiting for a retrace to see if 1. we get a better price and 2. if the TS trend lines holds, if that the case then we can enter for the long, what do you think?
if we never get the retrace then trading once the previous day high has been broken with stop at that candle low