Let's look at the four-hour chart. Tenkan-sen and Kijun-sen lines have merged, both lines are directed downwards. Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument has broken down Tenkan-sen and Kijun-sen lines. One of the previous minimums of Chikou Span line is expected to be a support level (139.42). The closest resistance level is Tenkan-sen line (141.12). On the daily chart Tenkan-sen line has crossed Kijun-sen from above, both lines are directed downwards. Confirmative line Chikou Span has crossed the price chart from above, current cloud is ascending. The instrument has broken down the cloud and slowed down its fall. One of the previous minimums of Chikou Span line is expected to be a support level (139.02). The closest resistance level is the upper border of the cloud (140.59).
On the four-hour chart the instrument is still falling. On the daily chart the instrument has broken down the cloud, forming a strong signal to sell. It is recommended to open short positions at current price with the target at the level of previous minimum of Chikou Span line (139.02) and Stop Loss at the lower border of the cloud (140.59).
On the four-hour chart the instrument is still falling. On the daily chart the instrument has broken down the cloud, forming a strong signal to sell. It is recommended to open short positions at current price with the target at the level of previous minimum of Chikou Span line (139.02) and Stop Loss at the lower border of the cloud (140.59).