Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is crossing the price chart from below, current cloud is ascending. The instrument has entered the cloud. The closest support level is the lower border of the cloud (11046.9). The closest resistance level is the lower border of the cloud (11087.44).
On the daily chart Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is crossing the price chart from above, current cloud is descending. The instrument has entered the cloud. The closest support level is the lower border of the cloud ( 11012.7). The closest resistance level is the lower border of the cloud (11128.07).
On the four-hour chart the instrument is trading within the cloud. On the daily chart the instrument is trading within the cloud. It is not recommended to open positions at current price. Pending orders should be placed at the cloud’s borders: sell at the level of 11045.8, with Take Profit at 10956.5 and Stop Loss at 11069.5; buy at the level of 11086.5, with Take Profit at 11169.3 and Stop Loss at 11057.3.
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