Down in the zone? Watch for a bearish break
Daily TF:
- Neutral Ichimoku setup with slight bearish bias ahead
- Heikin-Ashi is in a sell signal, confirmation needed with a close below 11.68
Weekly TF:
- Neutral Ichimoku, after meaningful lower highs printed since July 2024. Thinner forward cloud and flattening 100 weeks WMA shows long term volatility has been decreasing and downtrend in EWO/AO indicator shows fading bullish momentum for last 6 months.
Watch 11.66-11.68 key support zone. A break below opens space to 11.40 target.
Initial SL for starting positions should be set around 11.84-11.86, calculate your position size accordingly.
RR is medium for this trade now.
- Neutral Ichimoku setup with slight bearish bias ahead
- Heikin-Ashi is in a sell signal, confirmation needed with a close below 11.68
Weekly TF:
- Neutral Ichimoku, after meaningful lower highs printed since July 2024. Thinner forward cloud and flattening 100 weeks WMA shows long term volatility has been decreasing and downtrend in EWO/AO indicator shows fading bullish momentum for last 6 months.
Watch 11.66-11.68 key support zone. A break below opens space to 11.40 target.
Initial SL for starting positions should be set around 11.84-11.86, calculate your position size accordingly.
RR is medium for this trade now.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.