CHFJPY H4 is uptrend by Ichimoku but could reverse at any time
Comment:
CHFJPY H4 timeframe is uptrending now but may reverse based on below confirmations.
Ichimoku Analysis:
- Kumo is bullish but very tiny
- Kijun sen up but still in the Kumo
Also market is close to the descending trendline.
Next Scenario:
Wait for a breakout of the trendline and look for a buying edge, otherwise may reverse backwards to Tenkan sen at any time.
CHFJPY H4 timeframe is uptrending now but may reverse based on below confirmations.
Ichimoku Analysis:
- Kumo is bullish but very tiny
- Kijun sen up but still in the Kumo
Also market is close to the descending trendline.
Next Scenario:
Wait for a breakout of the trendline and look for a buying edge, otherwise may reverse backwards to Tenkan sen at any time.
Forex Kei
Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
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