As you can see we still moving in a bullish channel also all the ichimoku lines are bullish, but we are in a retrace mode.
Now we have 2 indecision candles, near the middle line and the ks supports, so I am thinking about 2 scenarios:
Bullish : if we break this ledge formation to the upside, we r going to face 1.233 only with a close above I think we will hunt the top again and maybe the upper channel .
Bearish : otherwise breaking to the downside, we will go easily to the next support 1.209 which is also a breakout level and near the weekly ks (grey line).
What do u think ? I would like to see your opinion .
Now we have 2 indecision candles, near the middle line and the ks supports, so I am thinking about 2 scenarios:
Bullish : if we break this ledge formation to the upside, we r going to face 1.233 only with a close above I think we will hunt the top again and maybe the upper channel .
Bearish : otherwise breaking to the downside, we will go easily to the next support 1.209 which is also a breakout level and near the weekly ks (grey line).
What do u think ? I would like to see your opinion .
Comment:
touching our Bull-bear line 1.233 now
Trade active
Comment:
cpi news did some damage but 1h bullish channel still holding
Comment:
wow, tool some profit at the top of the channel and the rest at red line
Trade closed: target reached:
closing here, near channel upper limit and price struc.
Comment:
for the weekend u can read more about the ichimouk and magic ks here:
Btw the channel working good
Btw the channel working good
