The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. 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. The closest resistance is the level 12210.00. The closest support is the level 11500.00
Key levels
- 12650.00, 12430.00, 12210.00, 11500.00, 11220.00, 10905.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 12210.00, with Take Profit of 12430.00 and Stop Loss of 11700.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 11500.00, with Take Profit of 11220.00 and Stop Loss of 11700.00
Scenario
Recommendation
BUY STOP
Entry Point
12210.00
Take Profit
12430.00
Stop Loss
11700.00
Key Levels
12650.00, 12430.00, 12210.00, 11500.00, 11220.00, 10905.00
Alternative scenario
Recommendation
SELL STOP
Entry Point
11500.00
Take Profit
11220.00
Stop Loss
11700.00