EURAUD - TP and move to sideline. Heikin Ashi warning signal
Daily:
- On back of RBA rate decision (on hold) Price turned sharply down after testing Kumo, however since China Trade ballance was disappointing, AUD failed to strengthen further. Could not make a lower low
- Ichimoku setup is still bearish, but thie bearish bias is decreasing: no lower low in Price, Tenkan is still above Kijun Sen, both averages are flat
- Heikin Ashi gave a serious warning signal: inside candle yesterday, followed by inside and already green candle today! haDelta/SMA3 up from extreme low level
retest of Kijun Sen or the Kumo is possible again. Pull back tgt 1,41-1,42
4H:
- Ichimoku setup is still bearish, but DMI already shows weakness in the bearish momentum
- Heikin Ashi signal is bullish: green candle switch from Tenkan Sen + haDelta/SMA3 bullish cross above zero line.
- bearish support is ard 1,41
Scale back your EURAUD shorts! If you consider to take a swing Long position, do it only with 0,5 trade unit with wider stop at 1,3800
- On back of RBA rate decision (on hold) Price turned sharply down after testing Kumo, however since China Trade ballance was disappointing, AUD failed to strengthen further. Could not make a lower low
- Ichimoku setup is still bearish, but thie bearish bias is decreasing: no lower low in Price, Tenkan is still above Kijun Sen, both averages are flat
- Heikin Ashi gave a serious warning signal: inside candle yesterday, followed by inside and already green candle today! haDelta/SMA3 up from extreme low level
retest of Kijun Sen or the Kumo is possible again. Pull back tgt 1,41-1,42
4H:
- Ichimoku setup is still bearish, but DMI already shows weakness in the bearish momentum
- Heikin Ashi signal is bullish: green candle switch from Tenkan Sen + haDelta/SMA3 bullish cross above zero line.
- bearish support is ard 1,41
Scale back your EURAUD shorts! If you consider to take a swing Long position, do it only with 0,5 trade unit with wider stop at 1,3800