EURCAD downtrending by Ichimoku Time Cycles

17 Mar 2021

EURCAD Daily chart shows a continuous downtrend by below Ichimoku confirmations.

- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles

After breakout of the forecast lines market has been continuously downtrending.
In terms of the time cycle the previous highs are in 9 candles, which is one of the Kihon Suchi numbers. Therefore next Henka-bi can be on 22 Mar.

18 Mar 2021

Catatan

Please refer to a video for further explanation.
youtu.be/m08fdGvuipQ