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Market condition indicators/tools - page 3

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Sergey Golubev
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101603
Sergey Golubev  

First is EURUSD.

Image with comments.

Files:
Sergey Golubev
Moderator
101603
Sergey Golubev  

Let's see in detailes.

Chinkou Span line (Ichimoku indicator) crossed the price which is indicated good trend started. But not on close price. It will be tomorrow on close price so it was not confirmed today yet:

Resistance lines:

Support lines (for price to go down):

Choppy zone:

Sergey Golubev
Moderator
101603
Sergey Golubev  

Last resistance lines. If the price will break the border of the cloud so it will be downtrend. If red line - it will be breakout (usually it is the level for sell stop order in many cases).

Sergey Golubev
Moderator
101603
Sergey Golubev  

This one is understandable. I will not comment it: downtrend or uptrend according to the colors of the indicators and depends on the open or closed (last) bar.

Sergey Golubev
Moderator
101603
Sergey Golubev  

Now USDCHF:

We can see that Chinkou Span line crossed the price already few days ago, price crossed the cloud (not on close bar yet). And breakout level (for the price to go up) is 1.0519.

Seems USDCHF is leading pair now: if we will have breakout on D1 timeframe for USDCHF so we will have good downtrend for EURUSD soon.

By the way this blue breakout line may will change the value tomorrow.

Sergey Golubev
Moderator
101603
Sergey Golubev  

And it is the situation now with USDCHF.

Breakout (blue) line is on 1.0515 level. Price is about 1.0500.

Files:
Sergey Golubev
Moderator
101603
Sergey Golubev  

On H4 timeframe (USDCHF) is flat:

and not trading:

Sergey Golubev
Moderator
101603
Sergey Golubev  

And if we look at asctrend M5 elite section system so ...

https://www.mql5.com/en/forum/174756

i call those images as 'ready to go':

Files:
m5usdchf1.jpg 153 kb
Sergey Golubev
Moderator
101603
Sergey Golubev  

And this one:

Seems we are waiting for NFP today

Files:
m5usdchf2.jpg 84 kb
Sergey Golubev
Moderator
101603
Sergey Golubev  

So, the levels were broken for USDCHF (D1 chart). It was written before as 1.0507 and 1.0515.

Price is about 1.0545 and nearest resistance is 1.0606.

We can see it from the image:

Files:
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