EURCAD downtrending by Ichimoku Time Cycles
Updated
EURCAD Daily chart shows a continuous downtrend by below Ichimoku confirmations.
- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles
After breakout of the forecast lines market has been continuously downtrending.
In terms of the time cycle the previous highs are in 9 candles, which is one of the Kihon Suchi numbers. Therefore next Henka-bi can be on 22 Mar.
- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles
After breakout of the forecast lines market has been continuously downtrending.
In terms of the time cycle the previous highs are in 9 candles, which is one of the Kihon Suchi numbers. Therefore next Henka-bi can be on 22 Mar.
Note
Please refer to a video for further explanation.youtu.be/m08fdGvuipQ
Forex Kei
Official Website: forex-kei.com
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KTS Academy: keistradingstrategy.com
Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
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