EURCAD at the support level while downtrending by Ichimoku

2021년 5월 6일

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.