What Is The Ichimoku Kinko Hyo & How To Trade With It

Ichimoku Kinko Hyo Explained

Japanese journalist Goichi Hosoda created Ichimoku. He spent most of his time writing drafts on trade in the Japanese rice market. He understood how the price moved on the chart and how it reacted to certain situations. After a while, he discovered that the price of rice moved by specific rules, which we now call the levels of support and resistance. Goichi’s goal was to create an indicator showing “all the information in one,” which would allow a more accurate analysis of the chart by spending less time on it. What is the Ichimoku Kinko Hyo indicator? The Ichimoku indicator …READ MORE