BTCUSD - H4 : CURRENTLY IN THE MIDDLE OF THE CLOUDS...
H4 : Currently in the middle of the clouds and below the Mid Bollinger Band and Kijun-Sen !
As mentioned earlier in my D1 analysis, the H4 clouds support zone, so far, worked perfectly
well in rejecting 5 times breakout attempts...
Current price action is showing a sideways move between Tenkan-Sen level on the downside
and MBB & Kijun-Sen on the upside.
Therefore, on short term, those area should be watch at very carefully as a breakout of one of those
area will show the direction for the upcoming trading period.
The clouds should also be considered as a good indicator as we should see soon or later either an upside or
a downside breakout.
For the time being, recent and current price action is likely to trigger a downside breakout of the clouds.
In order to monitor intermediate price action in waiting the next H4 closing, watch carefully H1 and M15
to get early signal of change in the expected bearish scenario.
Have a nice weekend, have fun, all the best and take care
Hope my analysis bring you some added value in your trading decision and if you like it, many thanks to give me a like
and also add me in your following list.
As mentioned earlier in my D1 analysis, the H4 clouds support zone, so far, worked perfectly
well in rejecting 5 times breakout attempts...
Current price action is showing a sideways move between Tenkan-Sen level on the downside
and MBB & Kijun-Sen on the upside.
Therefore, on short term, those area should be watch at very carefully as a breakout of one of those
area will show the direction for the upcoming trading period.
The clouds should also be considered as a good indicator as we should see soon or later either an upside or
a downside breakout.
For the time being, recent and current price action is likely to trigger a downside breakout of the clouds.
In order to monitor intermediate price action in waiting the next H4 closing, watch carefully H1 and M15
to get early signal of change in the expected bearish scenario.
Have a nice weekend, have fun, all the best and take care
Hope my analysis bring you some added value in your trading decision and if you like it, many thanks to give me a like
and also add me in your following list.
