Price closes below the ascending triangle + kumo breakout.
At higher TF, price hits resistance + large gap between tenkan sen and kijun sen. Hence, kijun sen will act as a magnet to pull the price towards itself.
At higher TF, price hits resistance + large gap between tenkan sen and kijun sen. Hence, kijun sen will act as a magnet to pull the price towards itself.
Note
Hit TP1. Moved stop loss to entry price. Successful trade.Trade closed: target reached
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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.