Brent H1: The Ichimoku Forecast for the Asian Session on 11.11.2024
09.11.2024 01:16
Technical
The main signal of the latest trading sessions is the intersection of the Tenkan and Kijun lines, marked on the chart with a pink square. This is a negative signal. It indicates a change in the upcoming trend to a downward one.
The second most important signal is the change in direction of the Kumo cloud, marked with a vertical purple line. A change in the color of the cloud to lilac indicates a transition of the priority direction of movement to downward.
The current situation:
Let's look at the main components of the indicator and their current values:
The price is below the Tenkan and Kijun lines, indicating the prevalence of downward pressure.
The Kumo cloud is colored lilac. It indicates the priority of the downward vector of price movement.
The price is below the Kumo cloud, which is now acting as a resistance area for the price.
The Chinkou line is now below the current price.
Trading recommendations:
Dynamic resistance levels are on the Tenkan line, in the area of the 74.08, the Kijun line, near the 74.59, the SenkouA line, at the level of 74.56, and the SenkouB line, around 74.63.
The indicator signals support a downward vector of price movement, so the search for the short positions entry points should be prioritized.
The second most important signal is the change in direction of the Kumo cloud, marked with a vertical purple line. A change in the color of the cloud to lilac indicates a transition of the priority direction of movement to downward.
The current situation:
Let's look at the main components of the indicator and their current values:
The price is below the Tenkan and Kijun lines, indicating the prevalence of downward pressure.
The Kumo cloud is colored lilac. It indicates the priority of the downward vector of price movement.
The price is below the Kumo cloud, which is now acting as a resistance area for the price.
The Chinkou line is now below the current price.
Trading recommendations:
Dynamic resistance levels are on the Tenkan line, in the area of the 74.08, the Kijun line, near the 74.59, the SenkouA line, at the level of 74.56, and the SenkouB line, around 74.63.
The indicator signals support a downward vector of price movement, so the search for the short positions entry points should be prioritized.