Double supertrend entry with Ichimoku cloud bias

26 בפבר׳ 2023

When both STs give signal (14:2, 21:1) entering trade but not without checking Ichimoku. If the price is below both lagging span and cloud then we have a short bias, if price above both of them we have a long bias. If price is above cloud but below lagging span or vice versa this indicate a weak bias. In this case you can try to trade it till S/R levels or avoid trade alltogether in sake of safety with sacrifice of a small profit. It is advised to stay away while price in cloud or very close to lagging span wich indicate price consolidation which giwe a sideaway market. From my experiences in 4h charts Leading Span B always give you weekly S/R levels so it could be useful for safe exits. Also lagging span is useful to determine S/R points if you check its movements and where it has been reversed sharply.