EURUSD rejection on the Ichimoku Cloud

2019-11-12 19:59:32

EURUSD is a currency pair that we were already monitoring in our daily analysis on YouTube. As I mentioned yesterday, I wanted to wait for a better signal because the blue line of the Ichimoku Indicator was heading up for the first time in a while, so not a good sign for a possible short position. We finally had a good rejection on the cloud, with some strength by sellers. In addition, we had a breakout of the previous swing low, even though the price didn't have any strong acceleration, mainly due to lack of volatility during the last period.
Overall, this is a good chance to open a trade with the Ichimoku, having also a nice risk to reward ratio.