Hello everyone
Let's take a look at usdcad.
Weekly:
Price is holding kijun very nicely. Chikou is still above price. Macd is above o and crossed above. Price is in the cloud. So, ichimoku is neutral with bullish bias.
Daily:Choppy trading once daily cloud broke but it held nicely. Price can be seen in a channel.Now, price is above tenkan and kijun . Chikou is velow price though.We need it above price for acceleration but bias is clearly bullish. So, i bought some today with my proper position sizing model. Target is weekly cloud top and possibly the top of channel. I'll just trail my stops here.We don't know where will the price go.
Let's see how this one plays out.
Let's take a look at usdcad.
Weekly:
Price is holding kijun very nicely. Chikou is still above price. Macd is above o and crossed above. Price is in the cloud. So, ichimoku is neutral with bullish bias.
Daily:Choppy trading once daily cloud broke but it held nicely. Price can be seen in a channel.Now, price is above tenkan and kijun . Chikou is velow price though.We need it above price for acceleration but bias is clearly bullish. So, i bought some today with my proper position sizing model. Target is weekly cloud top and possibly the top of channel. I'll just trail my stops here.We don't know where will the price go.
Let's see how this one plays out.