USD - CAD has been going up and is in a strong bullish trend according to Ichimoku signals.
Ichimoku:
-Tenkan Sen is avove Kijun Sen and pointing up
-Kumo is up, thick and Senkou Span A and B are pointing up
-Chikou Span is above the candles and has no resistance in the future
-Price broke Yellow focus lines to the upside
Price action:
-broke big inside bar to upside
-broke couple doj at resistance level
-broke resistance level
Price Target:
-Price reached n-target but could get tot V and E, because there are no signals of slowing down.
Weekly is also strong bullish.
*im a beginner trader and learning. I make these analyses for myself. Please comment on my analysis because i want to learn.
https://tradingview.sweetlogin.com/chart/wayVZaw6/
Ichimoku:
-Tenkan Sen is avove Kijun Sen and pointing up
-Kumo is up, thick and Senkou Span A and B are pointing up
-Chikou Span is above the candles and has no resistance in the future
-Price broke Yellow focus lines to the upside
Price action:
-broke big inside bar to upside
-broke couple doj at resistance level
-broke resistance level
Price Target:
-Price reached n-target but could get tot V and E, because there are no signals of slowing down.
Weekly is also strong bullish.
*im a beginner trader and learning. I make these analyses for myself. Please comment on my analysis because i want to learn.
https://tradingview.sweetlogin.com/chart/wayVZaw6/
Note
I will follow this trend and keep updating. Note
V-target is reached. Trend is still strong and shows no sign of retracement. Kumo is thick and all lines are moving up.
Chico-Span has room to move and there is no resistance nearby.
Expectation is that price reach E-target.
Also a great sign is that Kijun-Sen acts as support multiple times. When price do come down it is expected that Kijun Sen again acts as support.
Note
Price has reached the E-target.BTC is still bullish according to Ichimoku. The price is above Kumo, Tenkan, Kijun, and Chikou is above the candles with no resistance nearby.
We are still trending in the short and long term, but in the midterm, we are consolidating. That's why Kijun Sen is flat. This I can only see on my phone with the latest chart. Somehow, in TradingView on my laptop, the Kijun Sen is still up.
When Kijun Sen is flat, it attracts price. So it could be that price returns first to Tenkan Sen and then to Kijun Sen. But because the Kumo is still thick, I think we can still go up some more after some retracement.
On the weekly however, the Kumo is getting very thin meaning price it's overbought. Signaling that a correction or consolidation is likely. That would also be a good thing because we want a stable uptrend.
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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.
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.