After printing multiple bottoms at 3,40, finally USDILS broke the long term downtrend.
In terms of Ichimoku we still don't have a firm buy signal, but its very close to that. Price finally above Tenkan Sen and Kijun Sen, flirting with the Kumo, and Chikou Span moved above Price candles too. The direction is changing, this is also seen from DMI bullish cross and ADX picking up. It will be a clear and confirmed buy after breaking above 8,48-8,4820 key resistance.
I initiated a bullish USDILS trade a few months ago through Call options. These options lost their time value pretty much (they are also OTM), but who knows? Sometimes USDILS can do sharp moves and maybe with that break and with volatility pickup I can still get back some of my premium at least :-)
Anyway, if you'd like to play this strategic game, the only thing you have to focus on is the Kumo and the Key resistance.
In terms of Ichimoku we still don't have a firm buy signal, but its very close to that. Price finally above Tenkan Sen and Kijun Sen, flirting with the Kumo, and Chikou Span moved above Price candles too. The direction is changing, this is also seen from DMI bullish cross and ADX picking up. It will be a clear and confirmed buy after breaking above 8,48-8,4820 key resistance.
I initiated a bullish USDILS trade a few months ago through Call options. These options lost their time value pretty much (they are also OTM), but who knows? Sometimes USDILS can do sharp moves and maybe with that break and with volatility pickup I can still get back some of my premium at least :-)
Anyway, if you'd like to play this strategic game, the only thing you have to focus on is the Kumo and the Key resistance.