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Ichimoku Indicator

05.06.201823:07 Forex Analysis & Reviews: The daily review of GBP / USD on June 5, 2018. Ichimoku Indicator

Long-term review

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GBP / USD

The month of May had a bearish character. At the moment, after the end of the week cloud (Senkou Span A 1.3208), the pair is trying to take over the daily short-term advantage. The transformation of the daily Tenkan (1.3312) in support will allow to consider the development of an upward correction. At H4, the main upward direction will be the target for the breakdown of the cloud. The fulfillment of the goal will be able to bring a pair to the nearest landmarks of the high seasons (area 1.35 month and day Kijun). Return to the bear zone against the clouds of the lower halves and the preservation of the daily short-term trend on the side of the bears can lead to a return to the 1.32 area, with the goal of securing in the weekly cloud.

Indicator parameters:

All time intervals 9 - 26 - 52

The color of indicator lines:

Tenkan (short-term trend) - red,

Kijun (medium-term trend) - green,

Fibo Kijun is a green dotted line,

Chinkou is gray,

Clouds: Senkou Span B (SSB, long-term trend) - blue,

Senkou Span A (SSA) - pink.

The color of additional lines:

Support and resistance MN - blue, W1 - green, D1 - red, H4 - pink, H1 - gray,

Horizontal levels (not Ichimoku) - brown,

Trend lines - purple.

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