This is my first idea publish on trading view.
Main indicators that I'm using are Ichimoku and EMA.
First of all, in a long term, we are on bullish market since we are above 1 year EMA.
Second, in a middle term, we are also on bullish since the price stays upper side of Ichimoku cloud.
However, it should be noted that we have a possible drawback from current price C to some support D.
This is because according to Ichimoku strategy, if the price stays far away from cloud, it is very likely that the price goes to near the cloud. This was recently seen from point A to point B.
So it is likely that we would see price action from C to D where 1000 USD is psychological support and the time would be 3/11 which is ETF decision date.
Trading strategy according to the chart analysis would be:
1. Long term trader: Go long since we are bullish on long and middle term.
2. Swing trader: Stay on USD and go long if the price is near the 1000 USD.
Thank you.
Goguma.
Main indicators that I'm using are Ichimoku and EMA.
First of all, in a long term, we are on bullish market since we are above 1 year EMA.
Second, in a middle term, we are also on bullish since the price stays upper side of Ichimoku cloud.
However, it should be noted that we have a possible drawback from current price C to some support D.
This is because according to Ichimoku strategy, if the price stays far away from cloud, it is very likely that the price goes to near the cloud. This was recently seen from point A to point B.
So it is likely that we would see price action from C to D where 1000 USD is psychological support and the time would be 3/11 which is ETF decision date.
Trading strategy according to the chart analysis would be:
1. Long term trader: Go long since we are bullish on long and middle term.
2. Swing trader: Stay on USD and go long if the price is near the 1000 USD.
Thank you.
Goguma.