MT4 Account :
Let’s look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are 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. The closest support level is Tenkan-sen line (83.875). One of the previous maximums of Chikou Span line is expected to be a resistance level (84.130).
On the daily chart Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is crossing the price chart from below, current cloud is descending. The instrument is trading around lower border of the cloud. Borders of the cloud serve as the closest support (83.620) and resistance (84.470) levels
On the both charts the instrument is still falling. It is recommended to open long positions at current price with the target at the level of previous maximum of Chikou Span line (84.230) and Stop Loss at the upper border of the cloud (83.690).
|Key Levels||83.595, 83.690, 83.850, 84.000, 84.200.|