On the DLY chart, the price may retrace back to its KS.
On this H4 chart, the price stopped exactly at the H4 KS level above the H4 Cloud (only with ICHI you can have that level of precision). The price tested the Kumo break and seems to be willing to go further. The LS is still in the Cloud so we are still in retracement strategy rather than a change of trend on this TF.
Possible TP is the DLY KS level.
Glossary : WLY = Weekly DLY = Daily TS = Tenkan Sen KS = Kijun Sen LS = Lagging Span/Chikou Span TL = Trend Line TP = Take Profit SL/INV = Stop Loss / Invalidation level TF = Timeframe Kumo = Cloud
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
Comment
The Daily chart :
Comment
Still on the H4, the price didn't validate and stopped at exactly at the H4 KS level marked in the chart. Only with ICHI you get that kind of precision, and again, always wait for confirmations.
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