What is Ichimoku Cloud?
The Ichimoku Cloud, or Ichimoku Kinko Hyo, is a comprehensive technical analysis indicator that defines support and resistance, identifies trend direction, gauges momentum, and provides trading signals.
Explanation:
It consists of five lines and a shaded area (cloud), offering a holistic view of market conditions.
Practical Example of Ichimoku Cloud:
ONE-SIGNAL uses the Ichimoku Cloud to provide detailed market analysis and signal potential trade opportunities.
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