Monthly: no trend based on 5 lines of Ichimoku
However, Chikou 9 still above candles
=> Price can still sideway-up or retrace a little bit to Tenkan-sen till 1 Sep 2023
Weekly:
Kumo up
Kijun-sen up
Tenkan-sen up
Chiko above candles
Bullish Kyushu Ashi (note: Kyushu Ashi is in Kihon suchi => wait for the breakout bullish of daily to trade
Daily:
Price is in a small range between 1.70491 and 1.68908, however price is above Tenkan-sen
Kijun-sen flat
Chiko above candles
Kumo flat
Buy scenario: Price break the small range up, which also makes Kijun-sen up and Kumo up => buy based on lower tf
Sell scenario: not recommend
However, Chikou 9 still above candles
=> Price can still sideway-up or retrace a little bit to Tenkan-sen till 1 Sep 2023
Weekly:
Kumo up
Kijun-sen up
Tenkan-sen up
Chiko above candles
Bullish Kyushu Ashi (note: Kyushu Ashi is in Kihon suchi => wait for the breakout bullish of daily to trade
Daily:
Price is in a small range between 1.70491 and 1.68908, however price is above Tenkan-sen
Kijun-sen flat
Chiko above candles
Kumo flat
Buy scenario: Price break the small range up, which also makes Kijun-sen up and Kumo up => buy based on lower tf
Sell scenario: not recommend
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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.