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EUR/USD: general review 14 June 2019, 11:05

EUR/USD: general review 14 June 2019, 11:05 Scenario Timeframe Intraday Recommendation SELL STOP Entry Point 1.1265 ...

Jan 10, 2019

AUD/JPY: Ichimoku clouds 10 January 2019, 09:32


Scenario
Timeframe Weekly
Recommendation SELL
Entry Point 77.44
Take Profit 75.45
Stop Loss 79.00
Key Levels 80.00, 76.90, 75.45


Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the blue line is directed upwards, while the red one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Kijun-sen line (76.90). The closest resistance level is Tenkan-sen line (77.50).



On the daily chart Tenkan-sen line is below Kijun-sen, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is descending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Kijun-sen line (76.90). The closest resistance level is the upper border of the cloud (80.00).

On the both charts the instrument is still falling. It is recommended to open short positions at current price with the target at the level of previous minimum of Chikou Span line (75.45) and Stop Loss at the lower border of the cloud (79.00).

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