EURUSD | Ichi Cloud Resistance
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Price broke the Symmetrical Triangle to upward and also crossed the 50 MA.
However we now face the Ichi Cloud resistance zone + 200 MA. Due to this we can consider to initiate a long position only if there is a confirmed breakout of Ichi Cloud resistance zone.
Otherwise it can be a rejection with a subsequent decline.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Price broke the Symmetrical Triangle to upward and also crossed the 50 MA.
However we now face the Ichi Cloud resistance zone + 200 MA. Due to this we can consider to initiate a long position only if there is a confirmed breakout of Ichi Cloud resistance zone.
Otherwise it can be a rejection with a subsequent decline.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
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