Kiwi EMA's ready to take off?
*Price retesting trendline (b) and it seems like it is acting as a support.
*Price closed above trendlines (a)&(b)
*Price closed above 200 EMA (purple)
*Speaking of EMA:
20 Red
50 Green
100 Turqoise
200 purple
EMAs are perfectely and respectively aligned.(Looking back in time, When 20,50,100,150 & 200 EMA aligned, noticable moves were made).
N.B: The 150 EMA is also respectively aligned with these 4 EMAs (between turqoise & purple).
As my fifth & last indicator, I Chose the Ichimoku, as we can see, price found support and remained above the clouds.
*A change in the structure of the market is starting to show with the higher high and higher low.
It does not mean it is a winning trade, but this is kind of setup I look for it.
*Price closed above trendlines (a)&(b)
*Price closed above 200 EMA (purple)
*Speaking of EMA:
20 Red
50 Green
100 Turqoise
200 purple
EMAs are perfectely and respectively aligned.(Looking back in time, When 20,50,100,150 & 200 EMA aligned, noticable moves were made).
N.B: The 150 EMA is also respectively aligned with these 4 EMAs (between turqoise & purple).
As my fifth & last indicator, I Chose the Ichimoku, as we can see, price found support and remained above the clouds.
*A change in the structure of the market is starting to show with the higher high and higher low.
It does not mean it is a winning trade, but this is kind of setup I look for it.
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.