According to Ichimoku and simple price action analysis ...!
we see some factors that give us clues about the next future move ..and i think it looks very Positive ...!
-- ichimoku analysis
1-Kumo sen Cloud (Tenken sen + Kijun sen) is above the cloud
2-price rejected by the Kijun sen that could hold the Down move ,so that price couldn't close below it
3-Chikou span still in the Kumo cloud ,but also still above the price
4-price broke the Kumo cloud and now re-testing it
5-Future Kumo Cloud became Bullish
--Price action Analysis
1-Broken resistance area which became supporting area in between(1.05060 : 1.05250) Range
2-We have Fibo Retracement 0.50 exactly in the re-testing area
3-Price Re-testing the broken resistance area - which became supporting area - by a down bar low Volume
4-RSI have 50 Balance Level, which became a supporting momentum level in the future
if we see an up move in the next few days maybe that's give us a nice potential long trades with the new trend
So we have to wait until the next few Hours after market opining , to see where the price is going to be in the future
Be sure to be Ready ...!!
Thanks a lot ...!!
we see some factors that give us clues about the next future move ..and i think it looks very Positive ...!
-- ichimoku analysis
1-Kumo sen Cloud (Tenken sen + Kijun sen) is above the cloud
2-price rejected by the Kijun sen that could hold the Down move ,so that price couldn't close below it
3-Chikou span still in the Kumo cloud ,but also still above the price
4-price broke the Kumo cloud and now re-testing it
5-Future Kumo Cloud became Bullish
--Price action Analysis
1-Broken resistance area which became supporting area in between(1.05060 : 1.05250) Range
2-We have Fibo Retracement 0.50 exactly in the re-testing area
3-Price Re-testing the broken resistance area - which became supporting area - by a down bar low Volume
4-RSI have 50 Balance Level, which became a supporting momentum level in the future
if we see an up move in the next few days maybe that's give us a nice potential long trades with the new trend
So we have to wait until the next few Hours after market opining , to see where the price is going to be in the future
Be sure to be Ready ...!!
Thanks a lot ...!!