Header Ads

Silver: Ichimoku clouds 23 June 2017, 12:33


Scenario
Timeframe Weekly
Recommendation SELL
Entry Point 16.75
Take Profit 16.49
Stop Loss 16.89
Key Levels 16.49, 16.84, 16.89



Let's look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from below, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is crossing the price chart from below, 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 Tenkan-sen line (16.65). The closest resistance level is the upper border of the cloud (16.81).



On the daily chart Tenkan-sen line is crossing Kijun-sen from above, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span is crossing the price chart from above, current cloud is descending. The instrument has been corrected to the Tenkan-sen line. One of the previous minimums of Chikou Span line is expected to be a support level (16.49). The closest resistance level is Tenkan-sen line (16.84).

On the four-hour chart we can see a correction of the downward movement. On the daily chart we can see a correction of the downward movement. It is recommended to open short positions at current price with the target at the level of previous minimum of Chikou Span line (16.49) and Stop Loss at the lower border of the cloud (16.89).
Από το Blogger.