EUR/GBP: Ichimoku indicators analysis

20 декабря 2023, 07:08

Сценарий Таймфрейм Intraday Рекомендации BUY Точка входа 0.8617 Take Profit 0.8667 Stop Loss 0.8606 Ключевые уровни 0.8579, 0.8656, 0.8595, 0.8655

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is approaching the price chart from below, current cloud is ascending. The instrument has been corrected to the Tenkan-sen line. One of the previous minimums of Chikou Span line is expected to be a support level (0.8579). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.8656).

On the daily chart Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is below the price chart, current cloud has reversed from ascending to descending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. Tenkan-sen and Kijun-sen lines have become support (0.8595) and resistance (0.8655) levels respectively

On the four-hour chart we can see a correction of the upward movement. On the daily chart we can see the beginning of the trend reversal. It is recommended to open long positions at current price with Take Profit at the level of previous maximum of Chikou Span (0.8667) line and Stop Loss at the level of Kijun-sen line (0.8606).