Kiwi EMA's ready to take off?
*Price retesting trendline (b) and it seems like it is acting as a support.
*Price closed above trendlines (a)&(b)
*Price closed above 200 EMA (purple)
*Speaking of EMA:
20 Red
50 Green
100 Turqoise
200 purple
EMAs are perfectely and respectively aligned.(Looking back in time, When 20,50,100,150 & 200 EMA aligned, noticable moves were made).
N.B: The 150 EMA is also respectively aligned with these 4 EMAs (between turqoise & purple).
As my fifth & last indicator, I Chose the Ichimoku, as we can see, price found support and remained above the clouds.
*A change in the structure of the market is starting to show with the higher high and higher low.
It does not mean it is a winning trade, but this is kind of setup I look for it.
*Price closed above trendlines (a)&(b)
*Price closed above 200 EMA (purple)
*Speaking of EMA:
20 Red
50 Green
100 Turqoise
200 purple
EMAs are perfectely and respectively aligned.(Looking back in time, When 20,50,100,150 & 200 EMA aligned, noticable moves were made).
N.B: The 150 EMA is also respectively aligned with these 4 EMAs (between turqoise & purple).
As my fifth & last indicator, I Chose the Ichimoku, as we can see, price found support and remained above the clouds.
*A change in the structure of the market is starting to show with the higher high and higher low.
It does not mean it is a winning trade, but this is kind of setup I look for it.
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