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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: USD/CHF - Sell at 0.8845 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Apr 16 14 07:49 GMT

Despite yesterday's retreat from 0.8819, reckon the Ichimoku cloud bottom (now at 0.8775) would limit downside and near term upside risk remains for the rebound from last week's low of 0.8743 to bring retracement of recent decline to previous support at 0.8826, however, 0.8846-48 (another resistance and 50% Fibonacci retracement of 0.8953-0.8743) should limit upside and bring another decline later

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Trade Idea: GBP/USD - Buy at 1.6700 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Apr 16 14 07:46 GMT

As the British pound has maintained a firm undertone after staging a rebound from yesterday's low of 1.6660, retaining our view that low is possibly formed and consolidation with mild upside bias remains for test of resistance at 1.6750, break there would add credence to this view and bring a stronger rebound to 1.6790-95, above there would revive bullishness

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Trade Idea: EUR/USD - Buy at 1.3770 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Apr 16 14 07:41 GMT

Although euro has rebounded again after finding support at 1.3790 yesterday and recovery to the upper Kumo (now at 1.3857) cannot be ruled out, break of resistance at 1.3863 is needed to signal fall from last week's high of 1.3906 has ended and bring resumption of upmove for a retest of this level, then towards 1.3935-40. If said resistance continues to hold, then near term downside risk remains for the fall from 1.3906 to extend weakness to 1.3780

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Trade Idea: USD/JPY - Hold long entered at 101.65 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Apr 16 14 07:36 GMT

Although the greenback retreated yesterday to 101.50, dollar found renewed buying interest there and has staged a strong rebound, retaining our bullishness and upside bias remains for the rebound from last week's low of 101.33 to bring a stronger bounce to 102.40 (38.2% Fibonacci retracement of 104.13-101.33), a breach above there would confirm low formation and bring further gain to 102.70-75

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Trade Idea Wrap-up: USD/CHF - Sell at 0.8845 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Apr 15 14 15:42 GMT

Although the greenback retreated after intra-day brief rise to 0.8819, reckon the Ichimoku cloud (now at 0.8775-80) would limit downside and near term upside risk remains for the rebound from last week's low of 0.8743 to bring retracement of recent decline to previous support at 0.8826, however, 0.8846-48 (another resistance and 50% Fibonacci retracement of 0.8953-0.8743) should limit upside and bring another decline later

Read more...
 
Trade Idea Wrap-up: GBP/USD - Buy at 1.6695 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Apr 15 14 15:31 GMT

Cable's rebound after intra-day brief fall to 1.6660 on UK inflation data suggests an intra-day low is possibly formed and consolidation with mild upside bias is seen for test of resistance at 1.6750, break there would add credence to this view and bring a stronger rebound to 1.6790-95, above there would revive bullishness and upmove should resume for a retest of strong resistance at 1.6820-23 later.

Read more...
 
Trade Idea Wrap-up: EUR/USD - Buy at 1.3770 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Apr 15 14 15:28 GMT

Although the single currency has rebounded after intra-day fall to 1.3790 and recovery to the lower Kumo (now at 1.3845) cannot be ruled out, break of yesterday's high of 1.3863 is needed to signal fall from last week's high of 1.3906 has ended and bring resumption of upmove for a retest of this level, then towards 1.3935-40. If said resistance continues to hold, then near term downside risk remains for the fall from 1.3906 to extend weakness to 1.3780

Read more...
 
Trade Idea Wrap-up: USD/JPY - Hold long entered at 101.65 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Apr 15 14 15:20 GMT

As the greenback has retreated after faltering below indicated resistance at 102.00 (yesterday's high), suggesting further consolidation below this level would be seen but as long as indicated support at 101.33 holds, near term bullishness remains for another rebound to resistance at 102.16, break there would add credence to our view that low is possibly formed, bring a stronger bounce to 102.35-40, a breach above there would confirm and bring further gain to 102.70

Read more...
 
Trade Idea Update: USD/CHF - Sell at 0.8845 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Apr 15 14 13:20 GMT

As the greenback has edged higher again after brief pullback, retaining our view that further consolidation above last Friday's low of 0.8743 would be seen and near term upside risk remains for retracement to previous support at 0.8826, however, 0.8846-48 (another resistance and 50% Fibonacci retracement of 0.8953-0.8743) should limit upside and bring another decline later, a break of said support at 0.8743 would extend recent decline from 0.8953 to 0.8720-30

Read more...
 
Trade Idea Update: GBP/USD - Buy at 1.6700 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Apr 15 14 13:15 GMT

Cable's rebound after intra-day brief fall to 1.6660 on UK inflation data suggests an intra-day low is possibly formed and consolidation with mild upside bias is seen for test of resistance at 1.6750, break there would add credence to this view and bring a stronger rebound to 1.6790-95, above there would revive bullishness and upmove should resume for a retest of strong resistance at 1.6820-23 later.

Read more...
 
Trade Idea Update: EUR/USD - Buy at 1.3780 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Apr 15 14 13:03 GMT

As the single currency has traded defensively after yesterday's fall to 1.3808, retaining our view that near term downside risk remains for the decline from temporary top of 1.3906 to bring retracement of recent rise to 1.3780-90 (previous support at and 50% Fibonacci retracement of 1.3673-1.3906), however, reckon 1.3762 (61.8% Fibonacci retracement) would limit downside and bring another rebound later. Above 1.3860-65 would suggest an intra-day low is formed

Read more...
 
Trade Idea Update: USD/JPY - Hold long entered at 101.65 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Apr 15 14 12:58 GMT

The greenback has continued to meet resistance around 102.00 level (yesterday's high) and further consolidation would be seen but as long as indicated support at 101.33 holds, near term bullishness remains for another rebound to resistance at 102.16, break there would add credence to our view that low is possibly formed, bring a stronger bounce to 102.35-40, a breach above there would confirm and bring further gain to 102.70

Read more...
 
Trade Idea Update: USD/CHF - Sell at 0.8845 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Apr 15 14 10:10 GMT

As the greenback has edged higher again after brief pullback, retaining our view that further consolidation above last Friday's low of 0.8743 would be seen and near term upside risk remains for retracement to previous support at 0.8826, however, 0.8846-48 (another resistance and 50% Fibonacci retracement of 0.8953-0.8743) should limit upside and bring another decline later, a break of said support at 0.8743 would extend recent decline from 0.8953 to 0.8720-30

Read more...
 
Trade Idea Update: GBP/USD - Stand aside Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Apr 15 14 10:07 GMT

Although the British pound has rebounded after intra-day brief fall to 1.6660 on UK inflation data and consolidation with mild upside bias is seen for a test of resistance at 1.6750, break of the Ichimoku cloud top (now at 1.6758) is needed to confirm an intra-day low is formed, bring test of 1.6790-95, above there would revive bullishness and upmove should resume for a retest of strong resistance at 1.6820-23 later.

Read more...
 
Trade Idea Update: EUR/USD - Buy at 1.3780 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Apr 15 14 09:54 GMT

As the single currency has traded defensively after yesterday's fall to 1.3808, retaining our view that near term downside risk remains for the decline from temporary top of 1.3906 to bring retracement of recent rise to 1.3780-90 (previous support at and 50% Fibonacci retracement of 1.3673-1.3906), however, reckon 1.3762 (61.8% Fibonacci retracement) would limit downside and bring another rebound later. Above 1.3860-65 would suggest an intra-day low is formed

Read more...
 
Trade Idea Update: USD/JPY - Hold long entered at 101.65 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Apr 15 14 09:50 GMT

The greenback has continued to meet resistance around 102.00 level (yesterday's high) and further consolidation would be seen but as long as indicated support at 101.33 holds, near term bullishness remains for another rebound to resistance at 102.16, break there would add credence to our view that low is possibly formed, bring a stronger bounce to 102.35-40, a breach above there would confirm and bring further gain to 102.70

Read more...
 
Trade Idea: USD/CHF - Sell at 0.8845 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Apr 15 14 07:08 GMT

As the greenback has edged higher again after brief pullback, retaining our view that further consolidation above last Friday's low of 0.8743 would be seen and near term upside risk remains for retracement to previous support at 0.8826, however, 0.8846-48 (another resistance and 50% Fibonacci retracement of 0.8953-0.8743) should limit upside and bring another decline later, a break of said support at 0.8743 would extend recent decline from 0.8953 to 0.8720-30

Read more...
 
Trade Idea: GBP/USD - Stand aside Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Apr 15 14 07:05 GMT

As the British pound has fallen again after brief rebound yesterday, retaining our view that near term downside risk remains for the fall from 1.6820 to bring a stronger retracement of recent rise to previous resistance at 1.6684, then towards 1.6655-60 (61.8% Fibonacci retracement of 1.6555-1.6820), however, near term oversold condition should prevent sharp fall below 1.6624 (another previous resistance) but price should stay well above 1.6605-10.

Read more...
 
Trade Idea: EUR/USD - Buy at 1.3785 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Apr 15 14 06:58 GMT

As the single currency has traded defensively after yesterday's fall to 1.3808, retaining our view that near term downside risk remains for the decline from temporary top of 1.3906 to bring retracement of recent rise to 1.3780-90 (previous support at and 50% Fibonacci retracement of 1.3673-1.3906), however, reckon 1.3762 (61.8% Fibonacci retracement) would limit downside and bring another rebound later. Above 1.3860-65 would suggest an intra-day low is formed

Read more...
 
Trade Idea: USD/JPY - Hold long entered at 101.65 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Apr 15 14 06:51 GMT

The greenback has continued to meet resistance around 102.00 level (yesterday's high) and further consolidation would be seen but as long as indicated support at 101.33 holds, near term bullishness remains for another rebound to resistance at 102.16, break there would add credence to our view that low is possibly formed, bring a stronger bounce to 102.35-40, a breach above there would confirm and bring further gain to 102.70 but previous support at 103.00 should cap upside

Read more...
 
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Advanced Candlesticks and Ichimoku Strategies for Forex Trading

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