The pair is approaching the Kumo cloud, which coincides with a dynamic resistance level.
Although the overall picture is bullish (after the sharp reversal at the fib 50%), I would not enter now and wait for a strong confirmation as following;
1. Price consolidates for a while until the future cloud turns green and the Kajen Sen comes closer to the current price.
2. Breakout of the cloud (after the candle closes).
Although the overall picture is bullish (after the sharp reversal at the fib 50%), I would not enter now and wait for a strong confirmation as following;
1. Price consolidates for a while until the future cloud turns green and the Kajen Sen comes closer to the current price.
2. Breakout of the cloud (after the candle closes).
Order cancelled
The price movements are not predicatble through my analysis methods. So I wont enter on this trade idea.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.