Mohammad_Javad_196

Mohammad_Javad_196

If the triangle is broken from the bottom, because the cloud also breaks , there is a possibility that the price will fall to the 0.5 and 0.618 Fibonacci levels, which are the prices of 1.98 and 1.82, respectively.

Mohammad_Javad_196

The simultaneous breaking of the purple downward trend line and ichimoku cloud to the top gives initial buy signal. To confirm the signal, the volume and RSI should be checked. Also, Ichimoku confirmations including baseline and lagging span will help.

Mohammad_Javad_196

In case of upward break, target will be 13.5% growth. In case of downward break, target will be a 12% drop.

Mohammad_Javad_196

4 Divergences in 4h timeframe. Reaction to long time channel ceiling. Breaking the uptrend line in 1h timeframe. EMA 5 and EMA 10 crossing in 1h timeframe. First target can be the channel midline.

Mohammad_Javad_196

Channels and Ichimoku are quite enough!!! Do not forget the candlestick patterns and targets of channels in this strategy!