Hey guys
First day of the new month. Last month was great. It started slow but picked up later . Let's take a look at gbpusd.
Monthly: Macd crossed up. Ichimoku is bearish. Price above Tenkan sen. Kijun sen is flat
Weekly: Macd is crossed up. Price found resistance . Above Tenkan and Kijun and kumo shading above.Chikou is above price
Daily: Price is below kijun but found support at previous breakout level. You can see it by zooming out. Kijun acting as resistance. Macd is crossed down.
How to trade: As of now, there is nothing to do. Price need to break and close above Kijun for me to take a long. Very simple. Let's keep an eye on it. Once the trend picks up, it can see 1.3445 which will be nice risk to reward trade. Wait for correction to be over .
First day of the new month. Last month was great. It started slow but picked up later . Let's take a look at gbpusd.
Monthly: Macd crossed up. Ichimoku is bearish. Price above Tenkan sen. Kijun sen is flat
Weekly: Macd is crossed up. Price found resistance . Above Tenkan and Kijun and kumo shading above.Chikou is above price
Daily: Price is below kijun but found support at previous breakout level. You can see it by zooming out. Kijun acting as resistance. Macd is crossed down.
How to trade: As of now, there is nothing to do. Price need to break and close above Kijun for me to take a long. Very simple. Let's keep an eye on it. Once the trend picks up, it can see 1.3445 which will be nice risk to reward trade. Wait for correction to be over .