has been in an uptrend for weeks, the price is bouncing up down in an ascending channel
. From Ichimoku
point of view, the lagging span has been blocked by the Kijun. It must break it to trigger the first buy criteria. The price tested the lower side of the channel and has been rejected. By looking at the RSI
, you will see that 40 and 45 are important levels where price is often reversing (look at previous weeks), a RSI
crossing the 50 level would be a second criteria for a long trade. First target is Kijun, then if price has enough momentum, it could attempt to reach the level 1.0 of the Fibo or maybe the upper side of its channel.
I don't take into account the ECB effect, I stick to what I see on the charts... "whatever it takes" ;)
Read of the day: system with a mix between Ichimoku
(I just noticed that Gaiatrader is on TradingView as well)