The cloud comes the rescue ?
Updated
30min Ichimoku cloud looks to be a solid support for CME Yen NK225 M2 futures. Note that the market had bounced off from its recent contact to the cloud (TKY 20:30). The elevated implied ichimoku cloud seen head would most likely lift the market as the US market starts to find its calmness. Moreover, VZO/PZO oscillator indicated below heading support line, suggesting weakening market is getting attractive to get lifted sooner than later..
Will see
NK Radio
Will see
NK Radio
Trade closed: stop reached
The market had struggled with volatility as it touched the cloud. It went right in and came out again which looked resilient but it could not hold strong enough as US stock markets where also struggling to trade higher. I noticed that the market was trading with decent volume on the downside, indicated by the volume profile analysis. Should have changed my view at that time..
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