EUR/CAD: breakdown to bearish reversal. Daily price for the pair is located above Ichimoku cloud for the primary bullish market condition with the secondary correction to be started. Chinkou Span line broke the price to below for good breakdown to be started and to be continuing in the near future, and Absolute Strength indicator is estimating the secondary correction to be started. The price broke two key support levels during the breakdown with 1.4940 support level as the target in this case for ...
Daily price located below Senkou Span line which is the border between the primary bearish and the primary bullish trend on the chart: price was inside Ichimoku cloud for the ranging bearish market condition. It was good breakdown movement in the end of the week, and the price is breaking Ichimoku cloud to be reversed from the ranging bearish to the primary bearish condition with 1.0777 support level as the nearest bearish target in this case. If D1 price will break 1.0777 support ...
GBP/AUD: bearish ranging near bullish reversal waiting for breakout. Daily price for this pair is located near and below Ichimoku cloud and Senkou Span line which is the border of the cloud and the virtual border between the primary bearish and the primary bullish trend on the daily chart. Symmetric triangle pattern was formed by the price to be crossed for direction, and Chinkou Span line is in the crossing the price to above for the good possible breakout with the bullish reversal. There are 3 ...
How I Trade Breakouts
GBPJPY Technical Analysis 2015, 26.04 - 03.05: daily breakout for the reversal to the bullish with 180.43 key resistance; weekly ranging bullish with 174.86 key support D1 price is on primary bearish with market rally: the price is trying to break 180.43 resistance level and Sinkou Span A line of Ichimoku indicator to be reversed from the primary bearish to the primary bullish on D1 timeframe: The price is located inside Ichimoku cloud/kumo and near Sinkou Span A line (which ...
Recent Comments