Breakout LevelsThe Ichimoku indicator is one of the most effective indicators for generating buy and sell signals. Accurate trend reversal detector. Support and resistance breakouts. Trend-following strategy.
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The Ichimoku indicator is a combination of four indicators and a custom price action filter. It comes with non-repaint dots that tell you when to buy and sell. Besides the entry points, it also provides suitable exit points. This makes it ideal for both novice and experienced traders.
The Ichimoku indicator is ideal for lower time frames (M1, M5, M15, M30) during the London and New York sessions when the market is more volatile. The best part is that you can use it to trade any currency pair. However, it is not advisable to use the indicator on holidays or during major economic news releases.
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