Looking to sell EURUSD in this area. We are seeing a rejection of the 50 EMA with the price being held below the kumo cloud and lying on the 38.2 fib retracement level of the most recent AB boundary. Wait for a price action confirmation before entering. I recommend taking a 50% trade size
Commento:
In this case the TS (blue line) of the Ichimoku is acting as a support line. A break of this will confim a good entry point
Commento:
stop hunt to the upside on that last hourly candle? be on the watch out for a signal to sell