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Forex: Ichimoku Clouds. Review of XAG/USD on 04.02.2015

Let’s look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from below under the cloud, forming trend reversal pattern. However, the pair couldn’t break through the cloud and the price rolled back below Tenkan-sen line (17.40). Chinkou Span line is approaching the price chart from below; current Kumo-cloud is descending. The closest support level is one of the previous minimums of Chinkou Span line at  16.83.


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