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Candlesticks and Ichimoku Intraday Trade Ideas

Candlesticks and the Ichimoku Kinko Hyo, when combined with traditional technical analysis methods, for example, trend analysis, pattern recognition and Fibonacci retracements and projections, work amazingly well in forecasting the market movements, especially in very volatile market conditions.

  • The intraday trade ideas section provides trading strategies for traders to profit from fast moving markets.
  • The weekly analysis section provides analysis from a short to medium time frame for position traders.

Candlesticks Intraday Trade Ideas Update Schedule:

  • 1st Update: 0630 - 0700 GMT
  • 2nd Update: 0930 - 1000 GMT
  • 3rd Update: 1230 - 1300 GMT
  • 4th Update: 1500 - 1530 GMT
  • Pairs Covered: EUR/USD, USD/JPY, GBP/USD, USD/CHF


Trade Idea Wrap-up: USD/CHF - Buy at 0.9665 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Jul 30 15 15:47 GMT

Dollar's firmness after breaking above previous resistance at 0.9674 adds credence to our view that recent erratic rise from 0.9072 low is still in progress and may extend gain to 0.9720-25 (61.8% projection of 0.9330-0.9649 measuring from 0.9526), then 0.9750, however, near term overbought condition should prevent sharp move beyond 0.9780-85

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Trade Idea Wrap-up: GBP/USD - Stand aside Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Jul 30 15 15:43 GMT

As the British pound has retreated again after meeting resistance at 1.5644 in NY morning, below 1.5588 would bring weakness to 1.5550-55, however, break of support at 1.5528 is needed to signal top has been formed at 1.5690 yesterday, bring further fall to 1.5500 but reckon downside would be limited to support at 1.5491 and price should stay well above support at 1.5467.

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Trade Idea Wrap-up: EUR/USD - Sell at 1.0985 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Jul 30 15 15:37 GMT

Euro's intra-day breach of previous support at  1.0925 signals rebound from 1.0809 has ended at 1.1130 and mild downside bias remains for weakness to 1.0900, then towards support at 1.0869 but break of latter level is needed to retain bearishness and extend further decline to 1.0830-35, then towards said support at 1.0809.

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Trade Idea Wrap-up: USD/JPY - Stand aside Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Jul 30 15 15:35 GMT

Despite intra-day breach of previous resistance at 124.48, lack of follow through buying and current retreat from 124.58 suggest consolidation would be seen and pullback to the Kijun-Sen (now at 124.07) cannot be ruled out, however, reckon previous resistance at 123.79 would turn into support and contain dollar's downside, bring another rise later.

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Trade Idea Update: USD/CHF - Buy at 0.9675 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Jul 30 15 14:14 GMT

As the greenback has maintained a firm undertone after breaking above previous resistance at 0.9674, adding credence to our view that recent erratic rise from 0.9072 low is still in progress and may extend gain to 0.9720-25 (61.8% projection of 0.9330-0.9649 measuring from 0.9526), then 0.9750, however, near term overbought condition should prevent sharp move beyond 0.9780-85 (1.236 times projection of 0.9151-0.9516 measuring from 0.9330) and reckon 0.9800 would hold

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Trade Idea Update: GBP/USD - Stand aside Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Jul 30 15 14:12 GMT

Despite breaking previous resistance at 1.5676, lack of follow through buying and the subsequent retreat from 1.5690 suggest top has possibly been formed there and consolidation below this level would bee seen with mild downside bias for test of the lower Kumo (now at 1.5560), however, break there is needed to add credence to this view, bring further fall towards support at 1.5528 but downside should be limited to support at 1.5491, price should stay well above support at 1.5467.

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Trade Idea Update: EUR/USD - Sell at 1.0985 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Jul 30 15 14:09 GMT

Euro's intra-day breach of previous support at  1.0925 signals rebound from 1.0809 has ended at 1.1130 and mild downside bias remains for weakness to 1.0900, then towards support at 1.0869 but break of latter level is needed to retain bearishness and extend further decline to 1.0830-35, then towards said support at 1.0809.

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Trade Idea Update: USD/JPY - Stand aside Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Jul 30 15 14:04 GMT

Despite intra-day breach of previous resistance at 124.48, lack of follow through buying and current retreat from 124.58 suggest consolidation would be seen and pullback to the Kijun-Sen (now at 124.07) cannot be ruled out, however, reckon previous resistance at 123.79 would turn into support and contain dollar's downside, bring another rise later.

Read more...
 
Trade Idea Update: USD/CHF - Buy at 0.9675 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Jul 30 15 10:18 GMT

As the greenback has maintained a firm undertone after breaking above previous resistance at 0.9674, adding credence to our view that recent erratic rise from 0.9072 low is still in progress and may extend gain to 0.9720-25 (61.8% projection of 0.9330-0.9649 measuring from 0.9526), then 0.9750, however, near term overbought condition should prevent sharp move beyond 0.9780-85 (1.236 times projection of 0.9151-0.9516 measuring from 0.9330)

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Trade Idea Update: GBP/USD - Stand aside Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Jul 30 15 10:16 GMT

Despite breaking previous resistance at 1.5676, lack of follow through buying and the subsequent retreat from 1.5690 suggest top has possibly been formed there and consolidation below this level would bee seen with mild downside bias for test of the lower Kumo (now at 1.5560), however, break there is needed to add credence to this view, bring further fall towards support at 1.5528 but downside should be limited to support at 1.5491, price should stay well above support at 1.5467.

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Trade Idea Update: EUR/USD - Stand aside Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Jul 30 15 10:13 GMT

Euro met renewed selling interest just below resistance at 1.1084 and has fallen again, dampening our bullishness and near term downside risk remains for the fall from 1.1130 (this week's high) to extend weakness to 1.0925-31 (previous support and 61.8% Fibonacci retracement of 1.0809-1.1130), then 1.0900, however, reckon support at 1.0869 would hold from here.

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Trade Idea Update: USD/JPY - Stand aside Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Jul 30 15 10:11 GMT

The greenback found renewed buying interest and has staged another strong rebound on dollar's broad-based strength, suggesting the fall from 124.48 has ended at 123.01 earlier this week and further gain towards said resistance at 124.48 would be seen, however, break there is needed to confirm upmove has resumed for headway to 124.80, then 125.00 which is likely to hold from here due to near term overbought condition.

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Trade Idea : USD/CHF - Buy at 0.9675 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Jul 30 15 07:54 GMT

As the greenback has maintained a firm undertone after breaking above previous resistance at 0.9674, adding credence to our view that recent erratic rise from 0.9072 low is still in progress and may extend gain to 0.9720-25 (61.8% projection of 0.9330-0.9649 measuring from 0.9526), then 0.9750, however, near term overbought condition should prevent sharp move beyond 0.9780-85 (1.236 times projection of 0.9151-0.9516 measuring from 0.9330) and reckon 0.9800 would hold

Read more...
 
Trade Idea: GBP/USD - Stand aside Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Jul 30 15 07:42 GMT

Despite breaking previous resistance at 1.5676, lack of follow through buying and the subsequent retreat from 1.5690 suggest top has possibly been formed there and consolidation below this level would bee seen with mild downside bias for test of the lower Kumo (now at 1.5560), however, break there is needed to add credence to this view, bring further fall towards support at 1.5528 but downside should be limited to support at 1.5491, price should stay well above support at 1.5467.

Read more...
 
Trade Idea: EUR/USD - Stand aside Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Jul 30 15 07:36 GMT

Euro met renewed selling interest just below resistance at 1.1084 and has fallen again, dampening our bullishness and near term downside risk remains for the fall from 1.1130 (this week's high) to extend weakness to 1.0925-31 (previous support and 61.8% Fibonacci retracement of 1.0809-1.1130), then 1.0900, however, reckon support at 1.0869 would hold from here.

Read more...
 
Trade Idea : USD/JPY - Stand aside Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Jul 30 15 07:24 GMT

The greenback found renewed buying interest and has staged another strong rebound on dollar's broad-based strength, suggesting the fall from 124.48 has ended at 123.01 earlier this week and further gain towards said resistance at 124.48 would be seen, however, break there is needed to confirm upmove has resumed for headway to 124.80, then 125.00 which is likely to hold from here due to near term overbought condition.

Read more...
 
Trade Idea Wrap-up: USD/CHF - Stand aside Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Jul 28 15 15:38 GMT

The greenback surged above last week's high at 0.9649, adding credence to our view that recent erratic rise from 0.9072 low is still in progress and may extend gain to 0.9680, then 0.9700, however, near term overbought condition should prevent sharp move beyond 0.9720-25 (61.8% projection of 0.9330-0.9649 measuring from 0.9526) and reckon 0.9750 would hold from here, risk from there is seen for a retreat to take place later.

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Trade Idea Wrap-up: GBP/USD - Stand aside Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Jul 28 15 15:29 GMT

Despite intra-day brief retreat to 1.5528, as the British pound found renewed buying interest there and has staged a strong rebound on solid UK GDP data, dampening our near term bearishness and gain to 1.5620-25, then 1.5650 cannot be ruled out, however, only break of resistance at 1.5671-76 would turn outlook bullish for early rise from 1.5330 to extend gain to 1.5700-10 first.

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Trade Idea Wrap-up: EUR/USD - Buy at 1.1000 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Jul 28 15 15:26 GMT

Euro's retreat after rising to 1.1130 yesterday suggests consolidation below this level would be seen and minor correction to previous resistance at 1.1018 (now support) cannot be ruled out, however, reckon 1.1000 would limit downside and bring another rise later, above said resistance at 1.1130 would extend the rise from 1.0809 (last week's low) to 1.1150-60 but upside would be limited to resistance at 1.1197 and  another resistance at 1.1216 should hold

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Trade Idea Wrap-up: USD/JPY - Hold short entered at 123.55 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Jul 28 15 15:22 GMT

Although the greenback rebounded after falling to 123.01 yesterday, as long as resistance at 123.84 holds, prospect of a retreat remains, below 123.30-35 would signal an intra-day top is formed, bring another test of 123.01 (yesterday's low), break there would extend the fall from 124.48 to 122.92-93 (previous support and 38.2% Fibonacci retracement of 120.41-124.48), break there would bring further decline to 122.70 but reckon 122.40-45 (50% Fibonacci retracement) would limit downside

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Advanced Candlesticks and Ichimoku Strategies for Forex Trading

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