OCK close nicely above ema50 after several time rejected ema 50 and senkou A. Despite, the price rejecting mini trendline and in the kumo cloud but the chikou just pass the tenkan line and about to cross kijun which indicate the momentum is coming. So, the potential is there to break the kumo cloud.
If price can break 0.460 then the price will heading to ema 200. too much potential and very long journey as we know the 52wH is 0.655. but if fail the price will find the nearest support at 0.445.
Low risk ep is after breaking kumo, 0.475 is ideal ep with our next target around 0.490/0.5/0.535/0.580/0.590/0.640/0.655(52wH). pontential 38+% ROI. if plan fail, we consider 0.445 as stop loss.
You can consider ep early at 0.445/0.450 but need to know how to trade inside the cloud.
only for study and learning purpose. TAYOR.
If price can break 0.460 then the price will heading to ema 200. too much potential and very long journey as we know the 52wH is 0.655. but if fail the price will find the nearest support at 0.445.
Low risk ep is after breaking kumo, 0.475 is ideal ep with our next target around 0.490/0.5/0.535/0.580/0.590/0.640/0.655(52wH). pontential 38+% ROI. if plan fail, we consider 0.445 as stop loss.
You can consider ep early at 0.445/0.450 but need to know how to trade inside the cloud.
only for study and learning purpose. TAYOR.