EURJPY continuously bearish by Ichimoku
Comment:
EURJPY Daily chart still shows bearish trend as per below Ichimoku confirmations.
Ichimoku Trend Analysis:
- Kumo (Senko span A) down
- Kijun sen down
- Chiko Span below candles
- Candle below Tenkan sen
Next Scenario:
Market has been downtrending resisted by the descending trend line. As long as market is below Tenakn sen, the bearish trend may persist. But if market breaks Tenkan Sen and descending trend line, then no trade.
EURJPY Daily chart still shows bearish trend as per below Ichimoku confirmations.
Ichimoku Trend Analysis:
- Kumo (Senko span A) down
- Kijun sen down
- Chiko Span below candles
- Candle below Tenkan sen
Next Scenario:
Market has been downtrending resisted by the descending trend line. As long as market is below Tenakn sen, the bearish trend may persist. But if market breaks Tenkan Sen and descending trend line, then no trade.
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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.