Price action has retraced quite a distant away from the high itself established some days ago.
Tenkan-sen, kijun-sen and chikou span remain above the kumo cloud. Tenkan-sen and kijun sen are converging towards each other, reflecting the volatility will be diminished in the periods ahead.
Chikou span is approaching tenkan-sen from the high, a sign to reflect sellers are gaining strength, and buyers are moving away to buy at such high price level above the tenkan-sen. 13600 level may be the battle ground between buyer and seller.
Price action bounced of the kumo cloud hi, and the kumo cloud remains thick ahead, providing the support needed for a bullish trend.
Ichimoku Trading Strategy ahead: May look to add long position between 13600-13620 with stop loss below the kumo cloud lo. Took minimum risk during this period, till price action reveals itself in the days ahead.
The Forex trading sign can be a advice intended for entering any buy and sell using a currency exchange pair, generally in a distinct value in addition to occasion.
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