Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is crossing the price chart from below, current cloud is descending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Kijun-sen line (129.112). The closest resistance level is the lower border of the cloud (129.753).
On the daily chart Tenkan-sen line is above Kijun-sen, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument has been corrected to the Tenkan-sen line. The closest support level is Kijun-sen line (126.576). The closest resistance level is Tenkan-sen line (129.623).
It is recommended to open long positions at current price with Take Profit at the level of previous maximum of Chikou Span (129.979) line and Stop Loss at the level of Kijun-sen line (126.576).
On the daily chart Tenkan-sen line is above Kijun-sen, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument has been corrected to the Tenkan-sen line. The closest support level is Kijun-sen line (126.576). The closest resistance level is Tenkan-sen line (129.623).
It is recommended to open long positions at current price with Take Profit at the level of previous maximum of Chikou Span (129.979) line and Stop Loss at the level of Kijun-sen line (126.576).