The Ichimoku Cloud has been one of the most reliable and powerful indicators we’ve used over the course of our trading career. It is a common indicator found on most trading platforms and represents the grey “cloud” that combines multiple points of data to give a current and future projection of support and resistance. The reason this is our favorite indicator is that it isn’t a lagging indicator, meaning that it gives a forward projection and doesn’t update with price. In this video, I’ll introduce and breakdown the Ichimoku Cloud in detail, so that you can add this indicator to your trading arsenal.
If you’re interested in learning more about how I use the Ichimoku Cloud specifically for my Scalping strategy, check out my complete 4-hour training class here.
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