Won't go up, won't go down...
The price is still very much supported by the TS but there is no buying power steam neither. The price is in the DLY Cloud = neutral. The Lagging has leeway to go up or down to the next level of SR.
For, I'll wait either a break of the Kumo + DLY KS to the upside, or a break of the Kumo to the downside to be interested in that pair again.
NFP today so mind the USD.
The price is still very much supported by the TS but there is no buying power steam neither. The price is in the DLY Cloud = neutral. The Lagging has leeway to go up or down to the next level of SR.
For, I'll wait either a break of the Kumo + DLY KS to the upside, or a break of the Kumo to the downside to be interested in that pair again.
NFP today so mind the USD.
Note
DLY KS finally broke after today's news. Next potential target zone marked in the chart below formed by KS in extension, the previous lows and the SSB.Note
The M15 view. Note
Short term TP reached. The price is now trying to break the Kumo. A confirmation on this TF (or possibly on lower ones) will open the way to the next TP levels. Note
Second TP Zone reached and completely as you see in the following graph, the Weekly KS still held the price which was a good sign despite the massive selloff from the week-end. Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.