Long

Monaco possible edge-to-edge cloud trade

Currently breaking out of the ascending triangle on the daily chart. As we break out of it we will be looking for a close inside the Ichimoku cloud which opens an opportunity for an edge-to-edge trade.

Since the daily Kijun line usually represents a strong support/resistance, I will be looking for a close above the Kijun for confirmation before entering the trade.

If we enter the trade we will be looking for a close near the top of the cloud.
Chart PatternsichimokuindicatorTechnical Indicators

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