4HR Ichimoku Cloud signals a new opportunity for this pair.
Keeping it simple, the metrics have aligned.
- Bullish Kumo twist - Price is above cloud - Bullish Tenken-Kijun cross - Lagging Span breaching top of cloud - Candles formed HHHL - Kijun and Ten-ken are angling up, a signal of momentum. - Cloud direction is also upward.
First target I see is at 0.256859. Where we had previous major resistance, and a prolonged cloud flattening.
Remember;
- Keep an eye on bearish Kumo twist on the daily chart. - Reload at & as support levels form/confirm; i.e Ten-ken, Kijun & Cloud. - Massive-sudden Btc 0.81% drop will invalidate this set up. - Use a trailing stop loss.
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