Let's look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from below, the lines are horizontal . Confirmative line Chikou Span has crossed the price chart from below, current cloud has reversed from descending to ascending. The instrument has broken through Tenkan-sen and Kijun-sen lines. The closest support level is Tenkan-sen line (1.9430). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.9508).
On the daily chart Tenkan-sen line has crossed Kijun-sen from above, both lines are directed downwards. Confirmative line Chikou Span is approaching the price chart from below, current cloud has reversed from ascending to descending. The instrument has broken through Tenkan-sen and Kijun-sen lines. Borders of the cloud serve as the closest support (1.9358) and resistance (1.9580) levels
On the four-hour chart the instrument has broken through the cloud, forming a strong signal to buy. On the daily chart we can see the beginning of the trend reversal. It is recommended to open long positions at current price with Take Profit at the level of previous maximum of Chikou Span () line and Stop Loss at the level of Kijun-sen line (1.9411).
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