the above is Ichimoku daily applied to the 4H chart (54;156;312;156). Also the daily moving averages 50 & 100 have been converted to show in the 4H chart (50=300;100=600). Below the Daily chart with its standard Ichimoku (9;26;52;26) but without Chikou and Tenkan.
The opportunity was presented when price cleared the Tenkan(4H) outside the Kumo(H4) following FOMC into Kijun(D) or 50SMA(D).
If you have any question please do not hesitate to ask.
Thank you for your support and kind regards Cozzamara
Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Trading in foreign exchange (“Forex”) on margins entails high risk and is not suitable for all investors. Past performance is not an indication of future results. In this case, as well, the high degree of leverage can act both against you and for you. Before you decide to invest in foreign exchange, you should carefully assess your investment objectives, experience, financial possibilities and willingness to take risks. There is a possibility that you will lose your initial investment partially or completely. Therefore, you should not invest any funds that you cannot afford to completely lose in a worst-case scenario. You should also be aware of all the risks associated with foreign exchange trading and contact an independent financial advisor in case of doubt.
So this is a modified Ichimoku Kinko Hyo indicator, very interesting 🤔. Thank you for your insight 👍🏼
cozzamara
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Thank you for the support @TraderRadeau 🙏, I am glad you liked it😄 in this way it is possible to look at the market closely without losing the breadth provided by the long-term Ichimoku structure👍
POSINEXA
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@cozzamara agree with you 👌🏼, the Ichimoku indicator is indeed more accurate to use in time frames above 4 hours 😉