Hi, i am learning trading with ichimoku. I have some difficulties to identify the levels. I post an exemple of my analyse and some screenshots, could you tell me what sl and tp would you have choose in this case ? and why ? thanks.
So, the trade is on USDCHF. I saw on the H4 that the kijun was tested after the prices went to test the SSA. So if the prices were to break the kijun, would be a sell signal.
I checked the Daily, the trend was bearish, and the tenkan was efficient as a resistance, so that improved my sell analysis.
Then on the H1, the prices had already brake their kijun, and they were testing the SSB, and so was the lagging span. Only if the candle closed below the SSB, i would sell, which happened.
and here is a graph with my entry, sl and tp. I still have difficulties to quickly identify the different levels, and it is even more difficult since i struggle to check the difference between entry and sl, calculate how many pips (and not points) it makes, then calculate the volume i have to buy, according to the pip price for the currency and my 1% investment of my capital (fake for the moment ^^).
What levels would you have choose ? Thanks for the help ^^ ! And thanks for the babypip school !! awsome !