H4 : Recent recovery from the bottom of the clouds which worked perfectly well as a support area,
we can see now a breakout attempt of the top of the H4 clouds in progress !
Important to note that, not only the top of the clouds are under attack but also the Kijun-Sen (Base line).
Therefore, closing level of the ongoing H4 price action will be important to watch at.
Indeed, a breakout success of the clouds would be the first signal of a potential upside move continuation
putting the focus on the second obstacle to go through, which is the current top (dotted line) of the ongoing downtrend channel.
Such kind of price action would then open the door for the pivot trading zone ranging from the psychological 50000 level and
the former high @ 52650.
On the other side, an upside breakout failure, would then put the focus on the "CLUSTER" of 48600-48500 (Mid Bollinger Band
and Tenkan-Sen (Conversion line) and once again the bottom of the clouds support zone !
Below watch the support pivot zone ranging from 46300 (previous lows and 43000 Feb 28th low)
Watch H1 and M15 to get early signal (s).
we can see now a breakout attempt of the top of the H4 clouds in progress !
Important to note that, not only the top of the clouds are under attack but also the Kijun-Sen (Base line).
Therefore, closing level of the ongoing H4 price action will be important to watch at.
Indeed, a breakout success of the clouds would be the first signal of a potential upside move continuation
putting the focus on the second obstacle to go through, which is the current top (dotted line) of the ongoing downtrend channel.
Such kind of price action would then open the door for the pivot trading zone ranging from the psychological 50000 level and
the former high @ 52650.
On the other side, an upside breakout failure, would then put the focus on the "CLUSTER" of 48600-48500 (Mid Bollinger Band
and Tenkan-Sen (Conversion line) and once again the bottom of the clouds support zone !
Below watch the support pivot zone ranging from 46300 (previous lows and 43000 Feb 28th low)
Watch H1 and M15 to get early signal (s).
Ongoing H4 trading period will be very important !
For the time being H1 and M15 are supportive