Hello everyone! I suppose that the bottom has not yet been found. On Monday, the price may test the level of $ 54. If there is pinbar - enter to buy on correction. The corridor will be 54-56. In any case, you can enter in the sell limit from 54.95 with SL 55.70 and TP 54.10, but I'm afraid.
There is pinbar that pushed against strong resistance 2.7500 I plan to sell limit from 2.73663, maybe sell on market on monday morning. Target - the cloud Kumo. Stochastic indicates that the market is overbought. SL:2.75473 TP: near about Kumo
Nice Pin bar broke Kumo Cloud and pushed him down. Next candle was bearish. Gold-cross under Kumo it's a correction. I think price will go down. For me it's a signal for short. SL: 0.86750 TP: 0.84840
The long downward trend. It was pinbar which almost touched Kijun-sen. Next bar push down from tenkan-sen. for me it's a signal to sell a small target. I plan to sell limit and maybe sell market with small lot.
Drawn S/R on W1 very strong levels, Fib retrace shows 38.2% reversal occuring CCI Dropping. First target 23.6% - Second 0% - Stop on kumo support but will we test it at all? who knows :)
With the ABCD fib pattern on the daily im targetting 128 after a strong monthly trendline and confluence area dating back from August 2008 has been breached alongside a monthly kumo breakout
GBPCAD bulish engulfing & kumo breakout
This link () shows side-by-side chart with weekly on left panel and 4-hour on the right panel. Price is moving up and through the weekly Kumo and is looking at good support here. CMO suggests 4-hour is oversold within the context of strong larger trend.
Price is just at the flat Kumo top, possible bounce to continue uptrend!! Good luck and let's see what happens, as I will take a long opportunity with a 2618 trade setup on 1H timeframe, so everything seems to be in the favor of the continuation of the uptrend.
Everything right now is a sell signal: 1) Price is below the kumo, tenkan-sen and kijun-sen. 2) Chikou span is also below the kumo. 3) The kumo is bearish. But! We have to be careful with the support area in which price is at this moment, so it's better to wait for a breakout before entering this trade to ride the trend down.
Hope to pull back As every thing in Kumo trading system is setup stop loss kijun sen - 1/2 ATR