The market made a good upward movement. The price bounced from 53.20 level and then dropped to Kijun line. If we have a price reversal from this line, the market will continue upward movement. We can place pending orders for buy at 51.80 level with stop below 48.90 level. It can be a short term trade with profit target at 53.20 resistance level
. If the market breaks Kijun line, we'll see downward movement to the kumo. If so, the market will reach a strong support zone
formed by the uptrend line, the kumo and 47.00 support level
. If we get a confirmed reversal signal from this zone, it will be good buy opportunity with profit targets at 53.10 and 58.00 levels. As for the previous pending orders for buy, we should delete them after the price breakout below Kijun line.