The euro is trapped in between the kumo, can we please analyse, below is my analysis, charts will come later.
current price 1.3764
weekly
ks 1.4338
ts 1.4056
with euro trapped within kumo big moves is imminent but patience may be required. The main tenets of praticing ichimoku is patience and that is how the japenese do it - patience is the key to big moves.
daily
price just did a double bottom bounce off support indicated by previous flat kumo line at 1.3637 area, things have looking good for the bulls for the last ten days or so, but cautious as a final leg to below this area could still happen but when it does it will most likely close as a bullish pin-bar, so it will be wise the let the euro finish the scenario at these areas or attempts small longs to 1.3800,1.3850 area with stoploss below 1.3500.
Senkou Span B is flat, price will be draw to this area, caution if SB changes shape before price reaches there
Senkou Span A is downward sloping with rough edges.(the meaning of all these will come later including timeline for ichimoku signals)
H4
Price is fast approaching flat Span B from bottom ,could break above because momemtum is on bullish side as weekly is oversold, and daily just come out of oversold conditions, this could be a good place for the big bulls to show strength, ts/ks signal below kumo.
current price 1.3764
weekly
ks 1.4338
ts 1.4056
with euro trapped within kumo big moves is imminent but patience may be required. The main tenets of praticing ichimoku is patience and that is how the japenese do it - patience is the key to big moves.
daily
price just did a double bottom bounce off support indicated by previous flat kumo line at 1.3637 area, things have looking good for the bulls for the last ten days or so, but cautious as a final leg to below this area could still happen but when it does it will most likely close as a bullish pin-bar, so it will be wise the let the euro finish the scenario at these areas or attempts small longs to 1.3800,1.3850 area with stoploss below 1.3500.
Senkou Span B is flat, price will be draw to this area, caution if SB changes shape before price reaches there
Senkou Span A is downward sloping with rough edges.(the meaning of all these will come later including timeline for ichimoku signals)
H4
Price is fast approaching flat Span B from bottom ,could break above because momemtum is on bullish side as weekly is oversold, and daily just come out of oversold conditions, this could be a good place for the big bulls to show strength, ts/ks signal below kumo.