EUR/AUD: ICHIMOKU INDICATORS ANALYSIS
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY |
| Entry Point | 1.6552 |
| Take Profit | 1.6652 |
| Stop Loss | 1.6502 |
| Key Levels | 1.6502,1.6503,1.6651,1.6652 |
Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is going to reverse from descending to ascending. The instrument has been corrected to the Tenkan-sen line. One of the previous minimums of Chikou Span line is expected to be a support level (1.6652). The closest resistance level is Kijun-sen line (1.6502).
On the daily chart Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is crossing the price chart from above, current cloud is ascending. The instrument has entered the cloud. One of the previous minimums of Chikou Span line is expected to be a support level (1.6651). The closest resistance level is Tenkan-sen line (1.6503).
It is recommended to open long positions at current price with Take Profit at the level of previous maximum of Chikou Span (1.6652) line and Stop Loss at the level of Kijun-sen line (1.6502).
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