- setup is strategic . Important support and first possible pull back tgt in case of a correction is at 0,7500
- Heikin Ashi is still , but no further strong momentum gain
- 3-4 weeks ago Price reached the bottom of the long term channel
- setup is , but supports have come lower: Kijun Sen at 0,7093, and Kumo zone between 0,71 - 0,72. A confirmed daily reversal would take place above 0,72
- Please note that Price made a higher low two days ago. Heikin Ashi gave a possible exhaustion/reversal signal yesterday, confirmed by a clear signal today.
Strategy: close shorts (if you have). Enter 0,25-0,50 risk unit counter long position. Size up later if signal firms.
Momentum is a bit stretched on 4H time frame and Kumo is also quite thick, so I'd prefer to buy 0,25 unit now and try to buy some more ard 0,7030-0,7050 pull back if possible.
p.s.: EURAUD short is an option too, but it is a question of your view on EURUSD :-)