The graph is self-explanatory and it is commented on the main aspects of the operation using Ichimoku strategy. Additionally, if we look ADX + DI , Di+ is bearish and it confirms the strength of sellers.
====== Buy: As explained above. This is not an exact price but an event. Take-profit (short term): ~ from 17.5 to 18.35 Take-profit (medium term): ~from 19.0 to 21.0 Stop-loss: ~ 14.6 Initial stop loss determined using lead line (Kumo basis).
For maximum risk management on this trade, we also could move the stop-loss up with the Kumo, keeping it just below the bottom edge. For even tighter risk management, we could move our stop-loss with the Kijun Sen, keeping it 5 to 10 pips below that line.
Warning! You should not invest more than 10% of your available capital to trade.
Chikou didn't break the kumo hard enough, after that the price looked for support in the kumo and tenkan crossed down to kijun, sign of a bearish trend. Now we should be waiting for a new alignment of the different ichimoku components to signal a new bullish trend and set up a long entry accordingly.