EURCAD at the support level while downtrending by Ichimoku
Comment
EURCAD H4 shows continuous downtrend as per below Ichimoku confirmations.
Ichimoku Trend Analysis
- Kumo (Senko span A) is down
- Kumo itself is thick and long
- Kijun sen down
- Tenkan sen down
- Chiko Span below candles
Next Scenario
Currently market has been consolidating at the support level from 1 Apr 2021. As long as market is below Tenkan sen, market could break the support.
Watching mid timeframes (H1 and M30) for trend confirmation.
EURCAD H4 shows continuous downtrend as per below Ichimoku confirmations.
Ichimoku Trend Analysis
- Kumo (Senko span A) is down
- Kumo itself is thick and long
- Kijun sen down
- Tenkan sen down
- Chiko Span below candles
Next Scenario
Currently market has been consolidating at the support level from 1 Apr 2021. As long as market is below Tenkan sen, market could break the support.
Watching mid timeframes (H1 and M30) for trend confirmation.
Forex Kei
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Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
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