As you can see we still moving in a bullish channel also all the ichimoku lines are bullish, but we are in a retrace mode.
Now we have 2 indecision candles, near the middle line and the ks supports, so I am thinking about 2 scenarios:
Bullish : if we break this ledge formation to the upside, we r going to face 1.233 only with a close above I think we will hunt the top again and maybe the upper channel .
Bearish : otherwise breaking to the downside, we will go easily to the next support 1.209 which is also a breakout level and near the weekly ks (grey line).
What do u think ? I would like to see your opinion .
Now we have 2 indecision candles, near the middle line and the ks supports, so I am thinking about 2 scenarios:
Bullish : if we break this ledge formation to the upside, we r going to face 1.233 only with a close above I think we will hunt the top again and maybe the upper channel .
Bearish : otherwise breaking to the downside, we will go easily to the next support 1.209 which is also a breakout level and near the weekly ks (grey line).
What do u think ? I would like to see your opinion .
Note
touching our Bull-bear line 1.233 nowTrade active
Note
cpi news did some damage but 1h bullish channel still holding Note
wow, tool some profit at the top of the channel and the rest at red lineTrade closed: target reached
closing here, near channel upper limit and price struc.Note
for the weekend u can read more about the ichimouk and magic ks here:
Btw the channel working good
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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.