Ichimoku Kinko Hyo is a forex trading indicator. It is a trend following forex trading indicator which can be used in any time frame to trade with it. The Ichimoku Kinko Hyo indicator is a forex trading indicator which is created by Japanese so it has got a Japanese name. Ichimoku Kinko Hyo consists of single indicator. This indicator can be used in various ways for various purposes. Here, we will use this indicator to figure out the direction of the market and to figure out buying and selling point.

When you install Ichimoku Kinko Hyo in your trading platform, your chart should look like this:

• Ichimoku Kinko Hyo

Ichimoku Kinko Hyo consists of several moving averages and waves like indicators. The waves are called cloud. These clouds sometimes work as a support and resistance. When the market is above the Ichimoku Kinko Hyo indicator, it indicates bullish market and when the market is below the Ichimoku Kinko Hyo indicator, it indicates selling signal.

Buying Conditions Using Ichimoku Kinko Hyo.

• The market should be up trending.
• The market should be above the Ichimoku Kinko Hyo
• Place your long position as soon as above conditions are met.
• Place your stop loss just below the recent swing low.
• Take your profit when the market crosses below the Ichimoku Kinko Hyo

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Selling Conditions Using Ichimoku Kinko Hyo.

• The market should be down trending.
• The market should be below the Ichimoku Kinko Hyo
• Place your short position as soon as above conditions are met.
• Place your stop loss just above the recent swing high.
• Take your profit when the market crosses above the Ichimoku Kinko Hyo

Download Free Forex Ichimoku Kinko Hyo Indicator

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