1- Retest tenkan sen and breaks kijun sen to reach the bottom of the corrective structure ? or 2- Breaks tenkan sen to reach the top of the structure and reverse ? or 3- Breaks tenkan sen and leaves corrective structure ?
Hi everbody, Let's begin with H1 chart: I think the correction is clear to every one. We wait for the breakout. Like i said in the last setup, the first target is tenkan sen on weekly chart (0.7620) Daily: As you can see, price is currently in a parallel channel. It should be rise to the top, that is my TP2 (.7725) Weekly: The channel breakout is long...
Bonjour à tous, Je viens de réajuster le channel qui me parait à présent plus cohérent. L'EURUSD a été repoussé par tenkan sen en daily. Et en regardant de plus près US DOLLAR INDEX je m'aperçois qu'il existe une possibilité de retour vers la borne supérieure du channel blanc. Constatez par vous-mêmes le possible pullback sur le niveau 50 % fib: Si l'US...
Let's see Ichimoku what he has to say to us on weekly chart. Four targets are possible: TP1: 1.07000 TP2: 1.08200 There is a good probability that TP1 and TP2 will be reached (look at the dollar index chart below) TP3: 1.10670 TP4: 1.12640 If price breaks TP2, that will pave way for TP3 and TP4.
Please read the balloons.
USDMXN still bearish until reaching the next key level and i think we are very close to that level.
Please read the balloons.
Please read the ballons.
Chikou span must be the first thing to check! It confirmed or not the breakout with a close above or below the level. Look at the candlestick, if it shows a strong implusion, with a marubozu candle, so know that it is gone. I wish you all the best!
Chikou span gives you the last signal to enter the market. A big impulsion happens often when Chikou Span crosses the price and broke out the S/R.
The top of the channel matches the Senkou Span B on weekly chart, check it. The price should touch the Kumo on W1 and then come down.
Kijun sen rejected the price on daily chart
The next ichimoku level is Senkou Span B extended. We wait for a retest before enter. There was a tenkan/kijun cross on 15 min chart so there should be a 50% fib correction (kijun line)