Here we see :-
-EUR/JPY now is moving below the cloud ...and after a period of consolidation we got a nice and clear bearish future kumo after kumo twist signal ... in a nice changing in behavior of the Ichimoku cloud. it's an early signal that maybe put and end to the consolidation movement.
-Price then ...
Here we see :-
-price above the Kumo cloud and also tenken sen with kijun sen still above the cloud .. there is a potential Bullish momentum
-price re-tested the kijun sen twice and rejected from it ..so that's seem to be bullish momentum continuation.
-with the confirmation of price action we see here ... price ...
-Here we see some factors that give us a potential vision about the GBP/JPY in the next few days:-
-The pair already broke the kumo cloud and now are retesting the cloud again . now we started to see a potential weakness appearance and The kumo cloud with Kijun sen are still resist the up move .in additional to ...
According to Ichimoku and simple price action analysis ...!
we see some factors that give us clues about the next future move ..and i think it looks very Positive ...!
-- ichimoku analysis
1-Kumo sen Cloud (Tenken sen + Kijun sen) is above the cloud
2-price rejected by the Kijun sen that could hold the Down move ...
Potential Long Setup on USD/CAD 4H Chart
Here we see according to My ichimoku analysis .. potential buying opportunity on USDCAD
as price has been rejected from the Kumo sen Cloud (Tenken sen + Kijun sen)
at the same time price tested the supporting area (1.3355 - 1.3375) with a Bullish re-action
Be Sure to ...
-Here we have a critical resistance area between (103 .70) & (103 .50) . this area Already have :
2-broken support level (head & shoulders Nickline)
3-Broken Support level ( Right shoulder )
4-Fibonacci Retracement 0.618 from the previous high to the latest low
-Now the price are testing the ...
Here we See a potential Head & shoulders pattern .. we are now waiting for the compilation of right shoulder
next week if we'r seeing a bearish reaction on the right shoulder or the Lower High (LH) like an upthrust or rejection Candles failed to close above LH . that's give us a the First potential 1:1 Risk ...