4-часовой таймфрейм
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Overview:
The sell signal is continuing, it is strong and confirmed as the price is located below the Ishimoku cloud and the Kijun-Sen with Chinkou Span are also below the price curve. At the moment, the target of the declining movement is 1.0090 – the second support level. If this level is passed, the next target of the decreasing movement will be the third support level of 0.9956. If the price strengthens above the Kijun Sen (1.0190), the current signal will weaken and the short positions then should be narrowed. The Chinkou Span stays under the price graph which confirms the current sell signal. The Bollinger Bands demonstrate the descending movement as the lines are converging and directed downwards, thus showing the continuation of the falling trend. The MACD is upturning which is by far signaling the correction continuation.
Trading recommendations:
currently, the declining trend is aimed at 1.0090, and then at 0.9956. The stop loss should be placed above 1.0190. Enter the market after the MACD reverse downwards.
It is important to consider not only the technical figures but also the fundamental data and the time of their release.
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.
