We have to be aware of the buying signal that is currently developing.
There are three possible options:
1) Wait for the price (one candle) to close above the cloud (Kumo).
2) Wait for Tenkan (blue line) and Kijun (pink line) to come out of the cloud and hold their positions (Tenkan above Kijun).
3) A reversal of trend in the cloud (Kumo), i. e. a change in market "sentiment", the for the (change from red to green cloud).
In all cases, the signal should be confirmed with Chikou. And we should see the orange line above the cloud. can provide further confirmation of the signal. The should be currently above 50. This last is an indication of a market.
Our target is level 1.618 of the (~850 USD). And our Stop Loss, 578 USD, is determined by the support offered by the lower line of the Kumo.
Stay tuned of any changes and good luck!
It's time to wait, relax and try a new entry later.