EUR/GBP: ICHIMOKU INDICATORS ANALYSIS

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EUR/GBP: ICHIMOKU INDICATORS ANALYSIS
Scenario
TimeframeIntraday
RecommendationSELL
Entry Point0.8461
Take Profit0.8364
Stop Loss0.8514
Key Levels0.8364, 0.8514, 0.8363, 0.8513
EUR/GBP: ICHIMOKU INDICATORS ANALYSIS

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument has been corrected to the Tenkan-sen line. One of the previous minimums of Chikou Span line is expected to be a support level (0.8364). The closest resistance level is Kijun-sen line (0.8514).


EUR/GBP: ICHIMOKU INDICATORS ANALYSIS

On the daily chart Tenkan-sen line is above Kijun-sen, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument has entered the cloud. One of the previous minimums of Chikou Span line is expected to be a support level (0.8363). The closest resistance level is Tenkan-sen line (0.8513).


On the both charts the instrument is still falling. It is recommended to open short positions at current price with Take Profit at the level of previous minimum of Chikou Span line (0.8364) and Stop Loss at the level of Kijun-sen line (0.8514).


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