Kumowizard
Short

Keep bearish bias. Ultimate key: 1,4430

FX:EURAUD   Euro Fx/Australian Dollar
71 0 5
Weekly:
- Ichimoku setup has had bearish bias since June. In Aug-Sept we saw first break of inner trendline, followed by stop buys sending price back up to Kijun Sen at 1,50+. As usual, weekly Kijun proved to be quite a strong support, price turned lower in last three weeks.
- Heikin-Ashi signal is bearish . Price is below Tenkan and also below the steeper trendline, but the real lower key will be the less steep trendline and the horizontal resistance zone between 1,44-1,45.
Remember bearish Ichimoku Kumo breakout rule: valid only if price also breaks the previous lower low! This means a break of 1,44 would open space as low as the 1,32-1,35 zone!
- haOscillator is below zero and points down
- EWO turned down again.
- MACD has bearish bias below zero, while also shows short term consolidation. Watch if gives a new bearish cross signal.

Daily:
- Ichimoku setup increasingly bearish: Price isbelow Kumo and Kijun, Tenkan is below Kijun and points down. Forward Senkou A points down and may cross below Senkou B -> get ready for bearish forward Kumo twist. Chikou Span (lagging line) is also below past candles and below past Kumo.
- Heikin-Ashi signals indecision: doji candle so far today, haDelta has chance to cross down, but haOscillator points up (still below zero).
- EWO: bearish bias
- ATR: days average volatility has been decreasing.

Srategy: prefer selling on spikes with stop above 1,4860.

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