4-часовой таймфрейм
Overview:
On the chart it is seen that the sideways directed movement is going on for a few days already. At the moment we can ignore fully the signals formed by the Ishimoku as during flat they are almost all false. And though the price has uprisen slightly, and the Bollinger bands have started to diverge, the price is still in the Ishimoku cloud, which is also indicating the continuation of a flat. Thus in order to begin trading it is recommended to wait until the price leaves the Ishimoku cloud and the Bollinger bands will be diverging. The Bollinger bands indicate an upmove as the lines are diverging and upward directed, signaling the beginning of an increase. The MACD is ascending also giving a sign of a possible upturn.
Trading recommendations:
currently it is advisable to wait for the moment when the price leaves the Ishimoku cloud. Since from the Ishimoku there is a signal to buy, if the price solidifies above the Ishimoku cloud the levels of 1,4728 and 1,4913 will become the targets.
The chart annotation:
Ishimoku indicator:
Tenkan-sen — red line
Kijun-Sen — blue line
Senkou Span A — light brown stipple line
Senkou Span B — light purple stipple line
Chinkou Span — green line
Bollinger Bands indicator:
3 yellow lines
MACD indicator:
The red line and the histogram with the white bars in the indicators window.