AUD/CAD: ICHIMOKU INDICATORS ANALYSIS
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY |
| Entry Point | 0.9179 |
| Take Profit | 0.9277 |
| Stop Loss | 0.9154 |
| Key Levels | 0.9145, 0.9213, 0.9102, 0.9267 |
Let's look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from above, the lines are horizontal . Confirmative line Chikou Span is approaching the price chart from above, current cloud is ascending. The instrument has broken through Tenkan-sen and Kijun-sen lines. The closest support level is Tenkan-sen line (0.9145). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.9213).
On the daily chart Tenkan-sen line has crossed Kijun-sen from below, the blue line is directed downwards, while the red one remains horizontal. Confirmative line Chikou Span is approaching the price chart from below, current cloud is going to reverse from descending to ascending. The instrument has entered the cloud. The closest support level is Tenkan-sen line (0.9102). The closest resistance level is Tenkan-sen line (0.9267).
It is recommended to open long positions at current price with Take Profit at the level of previous maximum of Chikou Span (0.9277) line and Stop Loss at the level of Kijun-sen line (0.9154).
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.