EURUSD on Ichimoku. Still wait and see position
Well on an Ichimoku draw, EURUSD hasn't yet change its trend. So we'd better wait for a signal before we enter the market either to confirm the Bear or for the reversal signal.
For the prudent traders like me, we need 4 signals to confirm the reversal of the trend. LAgging span inside out the cloud, a kumo twist, a reversal between Tenkan and Kijun Tenkan Up, Kijun down, and clear candles penetrating inside the kumo cloud with two candles out of it... And of course have a look at the projection of the kumo cloud.
For the prudent traders like me, we need 4 signals to confirm the reversal of the trend. LAgging span inside out the cloud, a kumo twist, a reversal between Tenkan and Kijun Tenkan Up, Kijun down, and clear candles penetrating inside the kumo cloud with two candles out of it... And of course have a look at the projection of the kumo cloud.
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