Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span has crossed the price chart from above, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Kijun-sen line (1.7730). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.7890).
On the daily chart Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span has crossed the price chart from below, current cloud is descending. The instrument has entered the cloud. The closest support level is the lower border of the cloud (1.7700). The closest resistance level is the lower border of the cloud (1.8145).
On the four-hour chart the instrument is still rising. On the daily chart the instrument is trading within the cloud. It is not recommended to open positions at current price. Pending orders should be placed at the cloud’s borders: sell at the level of 1.7700, with Take Profit at 1.7540 and Stop Loss at 1.8145; buy at the level of 1.8145, with Take Profit at 1.8230 and Stop Loss at 1.7700.
On the daily chart Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span has crossed the price chart from below, current cloud is descending. The instrument has entered the cloud. The closest support level is the lower border of the cloud (1.7700). The closest resistance level is the lower border of the cloud (1.8145).
On the four-hour chart the instrument is still rising. On the daily chart the instrument is trading within the cloud. It is not recommended to open positions at current price. Pending orders should be placed at the cloud’s borders: sell at the level of 1.7700, with Take Profit at 1.7540 and Stop Loss at 1.8145; buy at the level of 1.8145, with Take Profit at 1.8230 and Stop Loss at 1.7700.