The Ichimoku Kinko Hyo or equilibrium chart isolates higher probability trades in the forex market.
Ichimoku is a technical or chart indicator which is also a trend trading system in and of itself. The creator of the indicator, Goichi Hosada, introduced Ichimoku as a “one glance” indicator so that in a few seconds a trader could decide whether a tradable trend is present or if it is necessary to wait for a better set-up on a specific pair.
The application offers multiple tests and combines three indicators into one chart, allowing traders to make the most informed decisions.
Ichimoku can be used in both rising and falling markets and can be used in all time frames for any liquid trading instrument. The only time to not use Ichimoku is when no clear trend is present.