Price tried to pass throught the kumo but a bearish candle shows us a possible price reversal. Any way this up movement gives us a possible entry level for long trades, if the market decides to move higher. DMI confirms trend market conditions and the up movement. Entry level for long trades should be above 1.12250 with stop below the kumo. Take-profit orders should be placed near the resistance level. But what if the market moves lower? RSI confirms price reversal from the kumo and we can think about selling. If price falls below 1.11650, we'll have short opportunity. Stop orders for short trades must be above the kumo and profit target should be at 1.11200 level. If the market breaks this level, we'll see down movement to 1.10000 level.
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