KS on the 1h is bullish which could confirm the breakout but the indicator I like to pair with the cloud is on the cusp of turning bearish
I use 1h charts to trade forex but the 3h made me put a hold on my long position because it's just not quite convincing enough yet
If we see the KS and TS continue the crossover and the 0.236 line I will reopen and hopefully see the 0.382 or higher as a viable target. If not it's a good entry point back into the channel and continue shorting it as it corrects back to the KS.
I am a relatively new forex trader full disclosure having traded stocks in the past but have been practicing and felt like this is the first post I can put out feeling confident in my knowledge. Hope it helps and remember to trade on what YOU think will happen
considering it's on a downtrend , I would go short...
UnknownUnicorn187266
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I agree and don't have an open position as the note said, don't know if you read the description but I posted the strategy I thought was best which is go short if it retraces into the channel