VrotteOtter

EUR/USD 4H Ichimoku Analysis.Looks like more downside is coming!

Short
FX:EURUSD   Euro / U.S. Dollar
If you like my ideas and the work I do, please check out the links in the signature and give me a like ;).

Looks like there is more downside coming as on the 4 hour everything aligns in the Ichimoku system for more downside.

1. Price is under the cloud
2. The Cloud ahead is turning bearish.
3. The Tenkan ( Yellow Line ) is under the Kijun ( Dark Blue line )
4. The Lagging span ( Purple line ) is also under prices and the cloud with no obstacles ahead.

All pointing to more downside. The probabilities are in your favor in this trade opportunity as you can not get more confirmation then this in the Ichimoku system.

Please be carefull and manage your risk on leverage trading!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.