Even though prices are below KUMO they have just broken a trend line suggesting bullish momentum. Prices also hold pretty well above the KS (purple line) which is a strong support. Prices could move to higher levels from here. tp1: 84 tp2: 85.813 Stop loss should be placed on the KS at around 81.950 Good luck y'all
I am a bit surprised since lots of traders are bearish on the pair. To me the weekly (check the related ideas below) suggests a bullish trend. The monthly shows that prices are now on Tenkan Sen and are likely going to join the flat KS. It is gonna take time of course but it seems it's going this way and not down... Wait and see!
Feel free to comment/like (tenkan sen and not tendon sen as typed in the chart)
Nice bullish divergence forming on this pair on the daily. Buy above KS, at around 0.76, for a move to the top of KUMO (around 78-ish).
Price is currently trading below KS and it seems the uptrend has been broken. Looks like prices want to test lower levels on a short term basis.
Time to buy! Buy if Tenkan Sen at 123.800 holds on closing tonight Target is KS, at around 127.180 Stop at 122.60 Feel free to like/comment Cheers Jesse
Please check comments on charts. Feel free to like and comment
Comments on charts. Feel free to comment and like
Comments on chart. Feel free to like and comment Cheers Jesse
Please check comments on chart. Feel free to like and comment
Buy above TS at around 3.18800 Stop loss on support @ 3.17300 Target on KS @ 3.22631
The downtrend is currently being broken, corresponding to 61.80% fib retracement Prices are above the cloud Prices are holding tenkan sen TP1: 0.67587 (next level retracement) TP2: 0.68861 Stop on KS at around 0.65900
Please check the comments on the chart Feel free to like and comment. Cheers Jesse
Our last setup (check below) seems to be confirmed! Prices nicely crossed daily KS indicating bullish momentum Resistance could be seen on Weekly KS as indicated in the chart then on the top of the KUMO but we have broken the minor downtrend. Stop loss on KS, at around 76.30
Yesterday I highlighed a bullish setup on the pair. It has been confirmed since the price has broken the downtrend. Next resistance will be seen on the top of the cloud at around 78.490. Put a stop on Tenkan Sen. check out our other strategies below! Cheers Jesse