This is a follow up to the previous post.
Price action has been relatively choppy since the previous posting. There is no definite trend which side the price will be heading.
Technical (Ichimoku)
Tenkan-sen is above the kijun-sen, while price action is between tenkan-sen and kijun-sen. Chikou span is about to cut below the kumo cloud. The kumo cloud ahead is turning to be a supporting cloud.
Strategy (Ichimoku)
It could be any side. To go long or short. The only signal as per ichimoku is the tenkan-sen above the kijun-sen. However, that is not really a strong signal in the choppy market condition. Compared to to the price action below the kumo cloud, the chikou span cutting the kijun-sen and going below cloud low.
Another short position added to increase the size.
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