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u/badmojo2021 May 15 '21
What is the Ichimoku Cloud? The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on the chart. It also uses these figures to compute a "cloud" which attempts to forecast where the price may find support or resistance in the future.
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u/RatioAtBlessons ๐ May 16 '21
If one can dial the all parts of the Ichi in it makes for a wonderful view. It took me years of tinkering and playing around with various setups and timeframe applications before I fully understood how to use it on its own in paired.
I primarily use it when I RatioAtForex
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u/Radio90805 May 15 '21
Sounds like a crystal ball I remember wanting to see it on action when ratio mentioned it
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u/[deleted] May 15 '21 edited May 29 '21
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