FX:EURAUD   Euro / Australian Dollar
219 9 15
Weekly:
- Ichimoku is bearish , with supports at 1,4612 and 1,4890
- Resistance and next wave target is around 1,3850-1,3950
- Heikin-Ashi shows bearish consolidation, but haDelta/SMA3 seems to give a bearish cross below zero line
- EWO             and MACD are bearish

Daily
- Ichimoku is bearish , Price retested area of Kijun Sen
- Heikin-Ashi already signalled a high probability local top last friday, and gives a sell signal today: red candle + haDelta/SMA3 dip below zero.
- EWO             is bearish , and it is turning lower again.

Take this sell signal, go short again in line with weekly and daily trend. SL at/above 1,4575-1,4625 (depending on your entry and money management strategy), possible target: 1,3950+

what a rejection today , hopefully i blocked some profits yesterday . thinking about renter
Reply
I got stopped at 1,4500 today. But I don't care. I was short $ES and STOXX50. From now, the world is gonna change.

New trade is: Sell USD!!!
Reply
TAJIR_B Kumowizard
@Kumowizard, nice i would wait for more confirmation because now the price action is crazy
Reply
don't look at lower time frames! In volatility that will drive you crazy!

Be a trendfollower and look only at weekly and daily charts! That's the trick! There you see the value levels. And what to do from now, we all know pretty well.
You don't need confirmations. you only need to catch good entry points. And you also need a proper and sound risk management!!!! That means in this type of volatility trade unit sizes have to reduced based on increasing ATR!
+1 Reply
TAJIR_B Kumowizard
@Kumowizard, right look where we started the move down :

snapshot


at the weekly 'ks

ichi levels are very powerful
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Very good one.
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agree, do u consider gaps before entering ?
snapshot
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As I use Heikin-Ashi, I don't care about gaps. Gaps do not exist in Heikin-Ashi system, so they do not confuse your mind.
+1 Reply
TAJIR_B Kumowizard
thanks
Reply
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