Ichimoku long setup: CHFJPY
The current candle would close in another 3.5 hrs' time. If the current candle were to stay as it is, then we shall have an inside bar formation. Price has pulled back to the previous resistance turned support. In the daily TF, we have a bullish tenkan-kijun cross and chikou span is above price. At the same time, we are having a roll over of the future kumo and this suggests that the primary trend is turning bullish. However, we still require our entry confirmation with %R. UO is also showing a hidden bullish divergence. Hence, a long trade is on the cards.
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The buy stop order was not triggered.
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