confirmation of Head an Shoulders by neckline breaking out.
forward cloud is bearish. tenkensen and kijensen are below the cloud. price is also below the tenkensen.
Waiting for neckline breakout for Short position.
30min time frame
price rejected from 61.8 fib retracement which can be the end of wave 2 and Start of wave 3.
looking at ichimokou, tenkensen is above kijensen, both are directed upward.
chikou span has been crossed the chart.
forward cloud is ascending and price is above the cloud.
All means shifting the trend.
potential target is 1.3290 and stop loss 1.2980
EURUSD/ Daily time frame/ Downtrend
tenkensen is below kijensen. price is below tenkensen. current cloud is bearish . Trend is still Bearish .
price is now on an important support.
we also have a valley in the cloud that has tendency to swallow the chart.
trend line and the edge of cloud are tangent which is the good point for the end of correction and...
Tenkansen is above Kijunsen, both are directed upward.
senkou span a and b are upward.
confirmative line chikou span is above price but still in the cloud.
forward cloud is bullish.
the instrument is trading above tenkansen, kijunsen , cloud and highest high of last month.
we have a strong Bullish trend.
there is a resistance at 0.3757 if the price could break it,...