JPY/USD is in a reversal zone.
This is a great entry point as after a bullish divergence we have an inverted hammer Doji confirming the reversal. currently, JPY/USD is respecting the Ichi cloud but the momentum is building so with the next attempt JPY shall resume this uptrend.
NEO has broken down a channel with bullish tendency still beeing visible as RSI and the Ichi cloud indicating the bulls are still in it specifically I would like to state the support at the end of the cloud holding the price action for neo.
In case NEO finds itself over the cloud it will immediately complete a cup & handle on its way up to the resistance at top...
KGN BULLISH CLOUD BREAK TRADE - ICHIMOKU CLOUD.
- FOLLOW THE RULES EACH TIME AND LETS WATCH IT UNFOLD.
-- ICHIMOKU TRADING SYSTEM MOMENTUM BASED TRADE
--- ENTRY $4.60 -. NO TARGET LETTING IT RUN AND EXIT ON KIJUN SEN BREAK OR FRACTAL BREAK.
-- MY STOP LOSS IS JUST BELOW TOP OF THE CLOUD.
- WILL UPDATE AS IT PROGRESSES.
CHEERS
*NOT TRADING ADVICE TO BE...
