Daily: Price traded back into the Cloud, but cloud bottom blocked the move. Slow Stoch turning bullish.
4 Hrs: DMI is turning back to bullish, and Chikou Span will hit price candles soon.
No more signals for now, but it will likely bottom out.
Strategy: Build small long on pullbacks in 0,8265-0,8285 range. Place stops below 0,8240.
Size up only if we see further buy signals on 4 Hrs time frame and when it finish consolidation in the daily Cloud and breaks out on top side (price needs to break above Kumo top and Kijun Sen). It can happen either in one day or may take a few more days, but I think the bearish counter trend is likely over.
4 Hrs: DMI is turning back to bullish, and Chikou Span will hit price candles soon.
No more signals for now, but it will likely bottom out.
Strategy: Build small long on pullbacks in 0,8265-0,8285 range. Place stops below 0,8240.
Size up only if we see further buy signals on 4 Hrs time frame and when it finish consolidation in the daily Cloud and breaks out on top side (price needs to break above Kumo top and Kijun Sen). It can happen either in one day or may take a few more days, but I think the bearish counter trend is likely over.