Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span has crossed the price chart from above, current cloud is descending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Tenkan-sen line (145.780). The closest resistance level is the upper border of the cloud (146.380).
On the daily chart Tenkan-sen line is above Kijun-sen, the blue line is directed upwards, while the red one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Kijun-sen line (143.470). The closest resistance level is Tenkan-sen line (146.500).
On the four-hour chart we can see a correction of the downward movement. On the daily chart we can see a correction of the upward movement. Long trades can be opened as soon as we get a confirmative signal from Chikou Span line (the line should cross the price chart). Presumable entry point is 146.500, Take Profit – 147.200, Stop Loss – 145.500.
On the daily chart Tenkan-sen line is above Kijun-sen, the blue line is directed upwards, while the red one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Kijun-sen line (143.470). The closest resistance level is Tenkan-sen line (146.500).
On the four-hour chart we can see a correction of the downward movement. On the daily chart we can see a correction of the upward movement. Long trades can be opened as soon as we get a confirmative signal from Chikou Span line (the line should cross the price chart). Presumable entry point is 146.500, Take Profit – 147.200, Stop Loss – 145.500.