Trend discussion :
major Trend of Price is Uptrend
intermediate Trend is downward
price has just broken intermediate Trendline. And the price moves upwards.
parallels channel :
Price has created access twice.
From which it can be inferred that after breaking the channel, the demand has such an effect that the price comes back into the channel.
1.The KIJUN is below TENKEN, Seling Signal
2. Price is below the Kumo cloud with TENKAN and KIJUN and it indicates a strong selling Signal.
price is breaking resistance
3. CHIKOU is free and below the price
we can initiate a Short signal
4. If price makes a new Bearish crossover, then it will be a strong signal
This is a EURGBP chart. In this, the major trend is up.
in history, the price has given 4 times of respect to the major trend. on 29 December price is making a new high,
sellers are entering on this signal breaking the major trendline and by making an excess price from 78.6 % of the level is going high.
here supply gets converted to demands and the intermediate...