"Chinkoullinger", the term is not mine but from a french trader "Robby Scalping", well it's a mix of Bollinger with two standard deviation and Ichimoku clouds. The BB bands can be seen as a kindoff secondary cloud to evaluate the lagging span behavior.
What's going on for the next week in this exotic pair?
What's going on for the next week in this exotic pair?
- The pair has just broken the summer 2015 resistance, it took a day and you see that the bears did not manage to bring the price down. It bounced against the cloud.
- Bullish movement broke the resistance and the price reached the upper Bollinger levels. This former resistance is now a support for the SL of a long trade.
- PA is above Kijun, PA is above the cloud, lagging span has no obstacles in sight. Moreover it broke through the two Bollinger upper bands. From Ichimoku point of view, it's bullish
- A small correction will probably occur towards the Tenkan and evt. Kijun. The long entry can be issued afterwards.