Instrument is trading below Tenkan-sen and Kijun-sen lines; is still strong. One of the previous minimums of Chikou Span expected to be a (100.50). The closest is Kijun-sen line (103.50).
Recommended to open short positions @ current price with TP at the level of previous minimums of Chikous-span line (100.50) and SL @ the level of Kijun-sen line (103.50)
Buy @ 102.30 TP : 103.50 (12o pips) SL; soon.....
- Tenkan-sen line has crossed Kijun-sen from below, lines are horizontal.
- Confirmative line Chikou Span is crossing the price chart form below.
- Current cloud descending. Instrument trading above Tenkan-sen & kijun-sen lines
- Chikou span previous min expected to be a support level (102.00)
- Closest resistance is lower border of the cloud (103.40)
LONG POSITIONS STILL VALID, TARGET REMAINS AREA OF 103.50