EUR/JPY Potential Bearish Outlook
Here we see :-
-EUR/JPY now is moving below the cloud ...and after a period of consolidation we got a nice and clear bearish future kumo after kumo twist signal ... in a nice changing in behavior of the Ichimoku cloud. it's an early signal that maybe put and end to the consolidation movement.
-Price then bounced and re-tested the kijun sen and rejected from it , it could't reach the kumo cloud to retest it .. we noticed that kijun sen prevented the price to move higher and also Price closed below the tenken sen with a nice strong bearish candle.it's another warning signal .
with the confirmation of chikou span which is already moving below both the cloud and price ... we have a clear view of the potential next move and we can think about short opportunities .
-After the last false breakout of the consolidation area ...we need price to break the consolidation area with the confirmation of tenkensen ( Must get out from the consolidation area with the price and stick with it in the down move ) and for sure the supporting of the kijun sen to the down movement
-of course we have to wait until the first hours from the opining time of the market next few days ... so that we can make a Logical and realistic evaluation of the current price behavior to make a good decision about our next move .
Be Sure To Be Ready ...!!
Thanks ...!!
-EUR/JPY now is moving below the cloud ...and after a period of consolidation we got a nice and clear bearish future kumo after kumo twist signal ... in a nice changing in behavior of the Ichimoku cloud. it's an early signal that maybe put and end to the consolidation movement.
-Price then bounced and re-tested the kijun sen and rejected from it , it could't reach the kumo cloud to retest it .. we noticed that kijun sen prevented the price to move higher and also Price closed below the tenken sen with a nice strong bearish candle.it's another warning signal .
with the confirmation of chikou span which is already moving below both the cloud and price ... we have a clear view of the potential next move and we can think about short opportunities .
-After the last false breakout of the consolidation area ...we need price to break the consolidation area with the confirmation of tenkensen ( Must get out from the consolidation area with the price and stick with it in the down move ) and for sure the supporting of the kijun sen to the down movement
-of course we have to wait until the first hours from the opining time of the market next few days ... so that we can make a Logical and realistic evaluation of the current price behavior to make a good decision about our next move .
Be Sure To Be Ready ...!!
Thanks ...!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.