GBPCAD Ichimoku Kinko Hyo Analysis
Monthly: no trend based on 5 lines of Ichimoku
However, Chikou 9 still above candles
=> Price can still sideway-up or retrace a little bit to Tenkan-sen till 1 Sep 2023
Weekly:
Kumo up
Kijun-sen up
Tenkan-sen up
Chiko above candles
Bullish Kyushu Ashi (note: Kyushu Ashi is in Kihon suchi => wait for the breakout bullish of daily to trade
Daily:
Price is in a small range between 1.70491 and 1.68908, however price is above Tenkan-sen
Kijun-sen flat
Chiko above candles
Kumo flat
Buy scenario: Price break the small range up, which also makes Kijun-sen up and Kumo up => buy based on lower tf
Sell scenario: not recommend
However, Chikou 9 still above candles
=> Price can still sideway-up or retrace a little bit to Tenkan-sen till 1 Sep 2023
Weekly:
Kumo up
Kijun-sen up
Tenkan-sen up
Chiko above candles
Bullish Kyushu Ashi (note: Kyushu Ashi is in Kihon suchi => wait for the breakout bullish of daily to trade
Daily:
Price is in a small range between 1.70491 and 1.68908, however price is above Tenkan-sen
Kijun-sen flat
Chiko above candles
Kumo flat
Buy scenario: Price break the small range up, which also makes Kijun-sen up and Kumo up => buy based on lower tf
Sell scenario: not recommend