Currently breaking out of the ascending triangle on the daily chart. As we break out of it we will be looking for a close inside the Ichimoku cloud which opens an opportunity for an edge-to-edge trade.
Since the daily Kijun line usually represents a strong support/resistance, I will be looking for a close above the Kijun for confirmation before entering the trade.
If we enter the trade we will be looking for a close near the top of the cloud.
Since the daily Kijun line usually represents a strong support/resistance, I will be looking for a close above the Kijun for confirmation before entering the trade.
If we enter the trade we will be looking for a close near the top of the cloud.