I havent entered yet but this is my setup, waiting for a little more confirmation that we are up.
higher TP may be reached but we will see that as ichimoku goes on. I think this TP is the safest for now
since market open after weekend price couldn break last resistance. It kissed te resistance and dropped back down.
Because higher timeframes are a little bit bearish I expect price to drop lower and trade lower than 145.25
It might not break just now in this actual 'dip' but maybe it needs a few tries to drop lower. If it hits 145.50 again I might buy some...
Daily ichimoku crossed bearish already but the price went to the bearish side as well, 4H ichimoku turned bearish also.
Took a short at 146.30 when price stopped at daily ichimoku line.
If drop exceeds TP it might fall all the way down to 141.00
ichimoku lines are bullish on 4 hour.
ichimoku stoploss and lagging line are around same level creating strong support around 145.60
Also see bullish diversion in rsi
If you look at it on Daily the ichimoku is bearish though.. so I can be wrong of course. Daily is with macd in positive and RSI above 50 on the other hand. If price stays above 146.25 we can...