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General TradingI

Ichimoku Kinko Hyo

The full Japanese name for the Ichimoku Cloud indicator, translating to 'one glance equilibrium chart.' It uses five calculated lines to provide a comprehensive view of support, resistance, trend direction, and momentum.

Example

For example, a trader using Ichimoku Kinko Hyo on a daily chart might wait for all five lines to align bullishly before entering a long position on EUR/USD.