4-часовой таймфрейм
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Overview:
At the moment a sell signal with a target of 1,2159 keeps on. The signal is confirmed and strong as the price is below the Ishimoku cloud and the Chinkou span fixed below the price curve. Yesterday, the price successfully reached the target level and the further downfalling movement depends on whether the price passes the first support level of 1,2108, which is placed near the target level. it should be mentioned that the former minimum is updated thus, the possibility of the continuation of the decline is high. At least there are no signs of the rebound by far. If the price fixates above the Kijun-Sen, the sell signal will be considered weakened. The Chinkou span is below the price curve denoting the decreasing tendency. The Bollinger bands show the downfalling advance as the lines are diverging and directed downwards showing the slide. The MACD is decreasing which signifies the current falling.
Trading recommendations:
Currently it is recommended to trade short with a target of 1,1861 (the second support level) but only if the price fixates below 1,2108. The stop-loss is placed above 1,2400.
The chart annotation:
Ishimoku indicator:
Tenkan-sen — red line
Kijun-Sen — blue line
Senkou Span A — light brown stipple line
Senkou Span B — light purple stipple line
Chinkou Span — green line
Bollinger Bands indicator:
3 yellow lines
MACD indicator:
The red line and the histogram with the white bars in the indicators window.
