Let's look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from above, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is crossing the price chart from above, current cloud is ascending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. The closest support level is the lower border of the cloud (83.85). The closest resistance level is Tenkan-sen line (84.21).
On the daily chart Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is crossing the price chart from above, current cloud is ascending. The instrument has been corrected to the Tenkan-sen line. The closest support level is Tenkan-sen line (83.83). One of the previous maximums of Chikou Span line is expected to be a resistance level (84.25).
On the both charts the instrument is still falling. Short trades can be opened as soon as we get a confirmative signal from Chikou Span line (the line should cross the price chart). Presumable entry point is 83.90, Take Profit – 83.40, Stop Loss – 84.15.
On the daily chart Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is crossing the price chart from above, current cloud is ascending. The instrument has been corrected to the Tenkan-sen line. The closest support level is Tenkan-sen line (83.83). One of the previous maximums of Chikou Span line is expected to be a resistance level (84.25).
On the both charts the instrument is still falling. Short trades can be opened as soon as we get a confirmative signal from Chikou Span line (the line should cross the price chart). Presumable entry point is 83.90, Take Profit – 83.40, Stop Loss – 84.15.