Daily: It's been moving sideaway, with a touch of bias, as we have a slightly decreasing trend channel, with bit of lower lows and lower highs, but in fact it is still a horizontal range. At mom Price reached the Kumo, the first horizontal key , and almost the top of the decreasing channel. components are flat, so clearly there is no trend in place for now. When it is not trending, check Price action at key levels and use the oscillators to enter trades within the range. Based on daily I'd enter short for small ard this 2,8650 - 2,8800 area, adding more in case of a Price/Kijun sen cross, so below 2,8550, especially if a Slow sell signal confirms.
Let's check 4 Hrs:
setup is getting from slight to neutral now as Chikou Span hits Price candles. We have two important lines here: the horizontal resistance at 2,8800, which was touched and rejected by Price today and from the lower side a small , in line with the short term closer Key support at 2,8555 (note: this is in line with daily Kijun Sen, so it has a higher importance).
Basically this 2,8555 should be the level to enter shorts if Price braks below it. Next important level is 2,8350.
We can never rule out a possible move to the other side. If 2,88 breaks, then next upper resistance is 2,9150 - 2,9200. But if Price stays below 2,8800, then from the , we'll have a measured tgt to 2,7900!
Strategy: Small short here, adding +1 Trade Unit at 2,8850 stop if offered. Stop: 2,8850, Initial (first) tgt 2,7900. Risk/Reward: 2,2. And who knows, maybe finally it starts trending lower later, to second tgt: 2,70.