Technical analysis for 12.09.2024
12.09.2024 09:58
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines 
Key levels
1.29890, 1.30200, 1.30810, 1.31120, 1.31440
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 1.30100, with Take Profit of 1.30800 and Stop Loss of 1.29890
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 1.30810, with Take Profit of 1.30200 and Stop Loss of 1.31120
Scenario
Recommendation
BUY LIMIT
Entry Point
1.30100
Take Profit
1.30800
Stop Loss
1.29890
Key Levels
1.29890, 1.30200, 1.30810, 1.31120, 1.31440
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
1.30810
Take Profit
1.30200
Stop Loss
1.31120