What is Ichimoku Cloud In Forex Trading

[moonchild]

Ichimoku Cloud is a type of chart that is integrated in a chart by adding it through the toolbox on Metatrader.

Ichimoku has a dynamic support and resistance that moves with the price, so you don't have to worry about adjusting your support and resistance lines on your chart, Ichimoku will help you to sort out your support and resistance.

Also Ichimoku has some moving average that shows you momentum of the trend, whether the trend is impulsive and has a lot of liquidity or if it is just charging and getting ready breakout.

Ichimoku also shows you the trend direction whether it is in an uptrend or downtrend.

Ichimoku has 4 clouds known as

1) TenkenSen
2) Sendou A
3) KijunSen
4) Senkou B

TenkenSen and KijunSen helps with trend direction if they're above the cloud it is an uptrend and if they're below the cloud it is on a downtrend.

Sendou A shows you the intensity of the trend and the volatility of the move.

While Senkou B shows you the strength moving average of the trend and it will be updating on real time to show you the direction of the trend dynamically.

Ichimoku is a good indicator to use In your charts.

 

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