GBP/CAD: Ichimoku indicators analysis

14 декабря 2023, 05:15

Сценарий Таймфрейм Intraday Рекомендации SELL Точка входа 1.70300 Take Profit 1.69555 Stop Loss 1.70700 Ключевые уровни 1.68660, 1.69555, 1.70700, 1.71000

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument has been corrected to the Tenkan-sen line. The closest support level is Kijun-sen line (1.70700). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.69555).

On the daily chart Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud has reversed from descending to ascending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. The closest support level is Tenkan-sen line (1.71000). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.68660).

On the both charts the instrument is still falling. It is recommended to open short positions at current price with Take Profit at the level of previous minimum of Chikou Span line (1.69555) and Stop Loss at the level of Kijun-sen line (1.70700).