Do you need any detailed comment on these charts, or do you see the signals as I see them?
Retracement tgt for USD Index is possible 90 in coming months.
Weekly:
- Ichimoku is turning to neutral, Thick Kumo ahead starts to overshade price. Price is below Kijun Sen!!! Chikou hits past candles. Tenkan/Kijun closing in to weak bearish cross.
- The week has just started but looks like Heikin Ashi may deliver the third bearish candle. Based on haDelta/SMA3, if you consider to sell, try to do it closer to Kijun sen, so closer to 95,00 during this week.
Daily:
- Ichimoku setup is almost perfectly bearish. Price broke the Kumo, then retested it, and declining again. For the text book perfect and valid bearish Kumo breakout we'd need a lower low as well, but given the fact the long term bullish trendline is broken, it can happen soon. We also have a strong bearish Tenkan/Kijun cross below Kumo.
- Heikin Ashi setup is bearish, with some minor hesitation now: smaller candle bodies and haDelta ticking a bit higher.
Hopefully we can see some more ticks up before bears (and also old bulls) step in again.
The best risk-reward sell area would be 94,80-95,00, but if you see a strong Heikin Ashi sell signal earlier, especially with a break below horizontal line (prev low), do not hesitate to:
1. either offload all your remaining USD longs (if you still have)
2. go short USD
If we see 94,00 breaking, I really think the possible tgt can be 90 +/-.
One more important thing: from now on, it WILL NOT be so obvious to trade USD as in the last 1 year. íIt will enter a thick neutral zone, and we will see a lot more wide and volatile price action, and nervous trading. Be wise with position sizing and stops! Always build in volatility into your trading strategy and models!
Retracement tgt for USD Index is possible 90 in coming months.
Weekly:
- Ichimoku is turning to neutral, Thick Kumo ahead starts to overshade price. Price is below Kijun Sen!!! Chikou hits past candles. Tenkan/Kijun closing in to weak bearish cross.
- The week has just started but looks like Heikin Ashi may deliver the third bearish candle. Based on haDelta/SMA3, if you consider to sell, try to do it closer to Kijun sen, so closer to 95,00 during this week.
Daily:
- Ichimoku setup is almost perfectly bearish. Price broke the Kumo, then retested it, and declining again. For the text book perfect and valid bearish Kumo breakout we'd need a lower low as well, but given the fact the long term bullish trendline is broken, it can happen soon. We also have a strong bearish Tenkan/Kijun cross below Kumo.
- Heikin Ashi setup is bearish, with some minor hesitation now: smaller candle bodies and haDelta ticking a bit higher.
Hopefully we can see some more ticks up before bears (and also old bulls) step in again.
The best risk-reward sell area would be 94,80-95,00, but if you see a strong Heikin Ashi sell signal earlier, especially with a break below horizontal line (prev low), do not hesitate to:
1. either offload all your remaining USD longs (if you still have)
2. go short USD
If we see 94,00 breaking, I really think the possible tgt can be 90 +/-.
One more important thing: from now on, it WILL NOT be so obvious to trade USD as in the last 1 year. íIt will enter a thick neutral zone, and we will see a lot more wide and volatile price action, and nervous trading. Be wise with position sizing and stops! Always build in volatility into your trading strategy and models!
