The chikou span can also be used to determine support and resistance level. The more peaks it bounces off this level, the stronger this support / resistance is.
Below is a chart on the USDJPY H4 using the chikou peaks to determine the support resistance level.
For more information on how to use the chikou span, please CLICK here.
If you would like to learn how to trade using ichimoku, go to www.ichimokutrade.com
