Potential buy opportunity Price above the cloud. Thick lchimoku cloud indicating high buying volume. lchimoku cloud has buying momentum. Price & MA disequilibrium. Flat 26 day MA indicating a breakout. Lagging span low momentum price could drop & continue up.
Potential buy opportunity after pullback. lchimoku Cloud indicates high buying volume & momentum. Flat 9 day MA indicating a pullback. Moving average & price disequilibrium. Lagging span still has a bit of momentum 26 day moving average high momentum. Price is expected to drop & pullback to higher highs.
Potential buy opportunity. Price dropped & hit the 9 day moving average & reversed. Flat 26 moving day average & lagging span indicating a breakout. Large gap between 26 MA & 9 MA indicating MA disequilibrium Thick lChimoku cloud indicating high buying volume. lChimoku cloud momentum indicating an uptrend. Price above lChimoku cloud.
Price broke-through 9 day MA. 26 day MA & lagging span bullish momentum. ichimoku cloud twist. Price getting closer to last years November high @1.33600. If price breaks through Nov 2018 high, price may reach Dec 2018 high @ 1.36500.
IML Academy Forex Technical Analysis - Two
IML Academy Phase two Basics 6