The Tenkan-sen line is located below 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. The closest resistance is the level 93.300. The closest support is the level 92.800
Key levels
- 94.100, 93.720, 93.300, 92.800, 92.300, 91.800
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 93.300, with Take Profit of 93.720 and Stop Loss of 93.050
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 92.800, with Take Profit of 92.300 and Stop Loss of 93.050
Scenario
Recommendation
BUY STOP
Entry Point
93.300
Take Profit
93.720
Stop Loss
93.050
Key Levels
94.100, 93.720, 93.300, 92.800, 92.300, 91.800
Alternative scenario
Recommendation
SELL STOP
Entry Point
92.800
Take Profit
92.300
Stop Loss
93.050