Price has been in deep correction on the daily chart. If you look at ichimoku on the Daily Chart price has rejected at the top of the cloud and currently is projecting a bearish future also known as the kumo. On the hour chart price rejected at the fractal level and created a lower high.
Lagging Span (purple line) is pointed down and we have a bearish tk cross over for a entry into the market. Since price rejected on the daily clould I would hold this trade to maximize profit.
Lagging Span (purple line) is pointed down and we have a bearish tk cross over for a entry into the market. Since price rejected on the daily clould I would hold this trade to maximize profit.
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