Hello friends Pretty quiet markets for me. I am not seeing much in my system. In the meantime, i am just reading some books. No point forcing any trade. I was going through my secondary list and noticed this set up. I do not trade gbpusd as it is not in my time zone but setup looks good. So, i bought some today.. Weekly.. Price struggled at kijun for a while and now kijun and tenkan both are providing support.You can see last week's doji heiken ashi candle and this week is still doji but at support. Macd is crossed up but below zero line. Chikou is at past candles however. Not the ideal scenario on weekly but some bullish bias.
Daily however is clearly bullish. chikou is in open space too and macd above 0 line. We dont have a cross yet but can see later as it is a lagging indicator. The only point worth noting is it is above zero line. Kijun is providing support to price .
We can see prices run up to black line on weekly chart . Let's see how it plays out.