The following is still Ichomoku system. However, I have modified it so I can see Kijun-sen from different time frames in one chart.
The thick Blue Horizontal line is 4H kijun-sen. The Thin blue line is 1H Kijun-sen.
The thick red line is 4H Tenkan-sen. The thin red line is 1H Tenkan-sen.
As you can see from following 1H chart, it bounced off the 4H kujun-sen nicely on Friday Morning after 9am.
Our rule of thumb for Forex market is:
1. Use 4h to find the bounce/trend
2. Use 1h to confirm.
3. Use 15m to enter.
The aggressive play would be Short Usd/Cad between 9am to 10am. The price is clearly bounce off 1h 200SMA line + 4h Kijun-sen line.
However, because it was Friday and I didn’t want to hold anything through weekend, I missed the first chance.
Now I am preparing to Short at the second wave next week.
See this 15m Chart using the same setting. 3 groups of stochastic indicators are used, they are 15m/1h/4h in order. As you can see, 4h stochastic is ready to cross which 1h/15m already too late to enter. I would prefer to wait until 1h to have another bounce. But I will definitely wait for 15m stochastic to have one more bounce and short at 15m cross at the top.