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[arco]

Good entry achieved from lower time-frames.

4H time frame chart shows possible forward Kumo resistance zone in grey.

If this area breaks and the green Chikou passes through the plot then there could be a move higher to test the Kumo. (Circa blue box area)

Between these points we look for bearish rejection. (Kumo is still currently bearish).

rgds - arco

[arco]

Chart follow ups (sorry forgot to post them here but they were posed in real time on another forum)

The grey zone caused some initial resistance as expected - at the 2nd attempt a break through was achieved. Green Chikou is almost through the plot, and Kumo (cloud) base looms ahead - it appears AY will visit this area for sure (blue box).

Ichi signal has given circa 560 pips from original entry point so far

arco

Todays update

Action entered the Kumo as expected (blue zone). Max take so far circa 800 pips.

arco

[sunman4008]

Hello,

Great analysis.   

-Manesh

[traderus]

Yes good analise.
But how do you think is it possible to earn money in forex without analysis?
Thanks

[sunman4008]

Hello,
What do you mean by analysis?

-Manesh