Sloped Kijun!Its a good start to the week for PRX on the weekly. We seem to bouncing off the weekly kijun which is sloped upwards. If this continues we should have enough momentum to reach the weekly tenkan around 163208 zone, which is our target. The lagging span is free to move as well which is a good for our hypothesis. We entered the trade on the daily after a convincing move today at close of session which broke through the daily tenkan. Caution should be taken because on this same timeframe the lagging has a strong resistance at the ssb region of 156645 which could send price down again.
Entry: 155 800
TP: 168 208
SL: 149 751
RR: 1.31