FX.co ★ berta.hill | EUR/USD

In each indicator, there are strong and weak points. On the currency pair EURUSD, the Ichimoku indicator shows its strong point, which is expressed by the market being at the level of 1.08227, which is above the levels of the Senkou Span A line at 1.07893 and Senkou Span B line at 1.07763. This area is called the cloud, above which buyers prevail with the expectation of growth in the medium term. I am considering buying, which I will try to hold until a reverse signal from the indicator. The weak point is the cross of the Tenkan-sen line at 1.08301 and the Kijun-sen line at 1.08066, which are prone to giving false signals during fluctuations. At the moment, this golden cross, as it is also called, fits well with the buying strategy. The combination of these signals is considered a strong bullish signal, therefore, growth is expected, which I plan to capitalize on. In case of a reverse movement below the cloud, followed by confirmation, I will close the purchases.