Technically the daily is bullish, but price is very far away from the T/K from the previous spike making it hard to read, possibly invalidating any read I make using Ichi.
The spike has also made the 4hr rather hard to read.
However the 15 and the 30 minute are leaning bullish with the 45 minute about to flip neutral/bullish according to Ichi.
BBands have squeezed and it's looking as if we could get a nice edge-to-edge on the 30 and 45 minutes. This could be an easy 10% trade. This is a little more risky since we haven't closed within the cloud with any conviction as of publishing this idea.
If we turn bullish, the medium-longer term target would be close to 0.01 which is the Kijun on the 4hr.
The spike has also made the 4hr rather hard to read.
However the 15 and the 30 minute are leaning bullish with the 45 minute about to flip neutral/bullish according to Ichi.
BBands have squeezed and it's looking as if we could get a nice edge-to-edge on the 30 and 45 minutes. This could be an easy 10% trade. This is a little more risky since we haven't closed within the cloud with any conviction as of publishing this idea.
If we turn bullish, the medium-longer term target would be close to 0.01 which is the Kijun on the 4hr.
Comment:
Let's see if support holds before I'm stopped out.
Trade closed: stop reached