4-часовой таймфрейм
.gif)
Overview:
Currently, a sell signal with a targeted of 1,2159 is formed and continues to work. The signal is confirmed and strengthened as the price is below the Ishimoku cloud and the Chinkou span has fixated below the price curve. That is why the aim at the moment is the level of 1,2159 and the further decline depends on whether the price hits the first support level 1,2108, which is positioned near the target level. It also should be mentioned, that the former minimum is renewed, thus a possibility of a falling trend continuation is high. At least, there are no vivid signs of a recoil by far. If the price strengthens above the Kujun Sen a sell signal will be considered weak. The Chinkou span is below the price curve which denotes the sliding tendency. The Bollinger Bands show the falling movement as the lines are diverging and directed to the low which demonstrates a downfalling movement. The MACD is lowering which indicates the current descending movement.
Trading recommendations:
In the current situation it is recommended to trade short with a target of 1,2159. the stop-loss should be placed above 1,2500.
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.
