Bounce of the 1H cloud support into an edge to edge cloud trade on the 4H chart. Good risk reward ratio in a volatile coin anticipating Citibank catalyst. Stop loss will be moved up as the trade progresses.
My Ichimoku Cloud settings differ from the standard settings and should be taken into consideration.
I am an amateur in TA and my analysis should not be viewed as a financial advice. All trading comes with a risk.
Trade active
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Price showing resilience at support, sell side growing thinner. I am adding to my position here. Same stop loss in place.
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Price has now entered the cloud. If we see a close inside of the cloud my stop loss will be moved up to 356.