Our ichimoku is about to form the Kijun(yellow) and Tenkan(blue)
On the other hand, DMI demand to head-down, but the price at lvl 1270.56 is very strict base on 1h TF, so if the price could surpass this level, assuming an up-trend + via the strength from Ichimoku.
On the other hand, DMI demand to head-down, but the price at lvl 1270.56 is very strict base on 1h TF, so if the price could surpass this level, assuming an up-trend + via the strength from Ichimoku.
Comment:
According to the fib-retrace at lvl 127.2 price tends to struggle at this lvl, if it tends to surpass this, we may seen an up-ward trend, otherwise it shall bow down to meet lvl 1260/58
Comment:
lvl 1260 has magnet the price from 127.2% of Fib-re to that 78.6%
Trade closed: target reached:
reached 78.6% of Fib-re. Yet base on 4h TF, the Ichimoku cloud is about to form as a bearish trend, moreover the green-line " Chikou span is about to cross the price too, so expecting to go down further.
Comment: