chikou span is below price,there is bearish downward kumo after a Tinkensen crossing below Kijunsen line.....
A good point to short Pound.
Considering the SR line in D time frame, a good short entry could be @ 1.28736 with SL 1.29825/1.30172
All the best!!!
It's a possible long setup with-
1) Bullish Kumo
2) TK cross over in making
3) Possible Lagging line moving above the price
Fuelled by Fed's Hawkish stance , I am expecting stronger dollar.
Will enter the trade if price breaks the 102.424 level with SL around 102.
1) TK has crossed KS upwards.
2) Kumo sentiment is bullish
3) Lagging line i.e. chikou span is trading above price.
Good opportunity in making for long!!!!
Cup and handle pattern in making.Good chances of upward Breakout if-
1) Handle is formed by price pullback
2) further upward price movement breaks above edge of the cup..here it is around 1373.5.
Ichimoku system too favors a uprise after a minor pullback.
Don't forget to ...
It has been an oscillation in a range since June last week for ninja to confirm a direction .
The D1,H4 and H1 gives indication for bearish move. Price is below kumo, which has a bearish bias.
The stop loss for this idea is ...
The uncertainty generated from BRexit is not yet over, at least Gold reflects so.
Looks Gold is all geared up to kiss the 1355 level again.The underlying sentiments remain bullish.
Pound is receiving a huge BEAR love.It tried to recover up to level 1.3899 but bulls exhausted.
Ichimoku signals are favoring the possibility of downwards movement.
Multiple time frame analysis also points out that Bulls still have some time to be really take the control ...
Crude might head to 50.5 and then 51.5 level.
Stop loss can be around 49.
However incremental profit booking is preferred to bulk big profit booking for this trade
The Swissy is set to test the SR level @.9578.The price is below ichimoku cloud with bearish bias.
Entry - closing price of candle breaking below .9578 level
SL- Around .9605
Caution -Be patient for a firm candle close below the SR level before Entry.