EURUSD - projection 1.1220
Ichimoku
The Kumo sets the bias - with price above the cloud, we are only interested in buying opportunities.
What are positive signs for price to appreciate
1. Thick Bullish Cloud.
2. 3 Lines pointing up - Span A ,Span B, and Kijun Sen.
3. Price above Kijun Sen.
Price Action -
1. Channel - price has moved down from 1.12 to 1.10 in a descending channel. This channel has formed a Bullish Flag Pattern.
2. Structure - 1.1100 is acting as short term resistance and 1.10 as support.
Price Catalyst - will be the FOMC announcement, with any Rate Cut bullish for the Pair.
Projection - based of the equal movement of Channel Height , arrives at a conservative price of 1.1220.
The Kumo sets the bias - with price above the cloud, we are only interested in buying opportunities.
What are positive signs for price to appreciate
1. Thick Bullish Cloud.
2. 3 Lines pointing up - Span A ,Span B, and Kijun Sen.
3. Price above Kijun Sen.
Price Action -
1. Channel - price has moved down from 1.12 to 1.10 in a descending channel. This channel has formed a Bullish Flag Pattern.
2. Structure - 1.1100 is acting as short term resistance and 1.10 as support.
Price Catalyst - will be the FOMC announcement, with any Rate Cut bullish for the Pair.
Projection - based of the equal movement of Channel Height , arrives at a conservative price of 1.1220.
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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.
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.