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EUR/USD: side tendency remains 23 October 2017, 13:54

EUR/USD: side tendency remains 23 October 2017, 13:54 Scenario Timeframe Weekly Recommendation BUY Entry Point 1.1737 ...

Aug 11, 2017

USD/TRY: Ichimoku clouds 11 August 2017, 21:41

Scenario
Timeframe Weekly
Recommendation SELL STOP
Entry Point 3.52998
Take Profit 3.51905
Stop Loss 3.54746
Key Levels 3.52204 3.52998 3.54746 3.55847
Alternative scenario
Recommendation BUY STOP
Entry Point 3.54746
Take Profit 3.55600
Stop Loss 3.52998
Key Levels 3.52204 3.52998 3.54746 3.55847



Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument has entered the cloud. The closest support level is the lower border of the cloud (3.52998). The closest resistance level is the lower border of the cloud (3.54746).



On the daily chart Tenkan-sen line is below Kijun-sen, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Tenkan-sen line (3.52204). The closest resistance level is the upper border of the cloud (3.55847).

On the four-hour chart the instrument is trading within the cloud. On the daily chart the Bearish trend is still strong. It is not recommended to open positions at current price. Pending orders should be placed at the cloud’s borders: sell at the level of 3.52998, with Take Profit at 3.51905 and Stop Loss at 3.54746; buy at the level of 3.54746, with Take Profit at 3.55600 and Stop Loss at 3.52998.

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