Kumowizard

Careful with shorts! Consolidation at key support

FX:EURAUD   Euro Fx/Australian Dollar
141 0 6
Bit more details to my morning post on Twitter.

Weekly:
- Ichimoku has bearish bias, but market must make a lower low and also break the major bullish trendline to validate a strategic bearish reversal of EURAUD             .
- Heikin-Ashi signal is bearish , but close of this week will be very important. For now haDelta signals some loss of momentum ard 1,45 key supp/res.
- MACD and EWO are both bearish , suggests the major direction will be down. But this doesn't mean we can't have one more spike up to Kumo. (picture was similar in Marc-April 2015)

Daily:
- Bearish Ichimoku , with price continously far below Kijun.
- Heikin-Ashi signals consolidation. It shows loss of bearish momentum , and slight chance we'll have a pull back (not yet confirmed)

4H:
- No lower low for last few days. Ichimoku is turning more neutral. Weak bullish Tenkan/Kijun cross below Kumo.
- haDelta/SMA3 above zero line now, with green candle closing above Kijun Sen.
- EWO is ticking higher
- We have some chance for a spike, first key level is 1,4680. If that is cleared and mkt makes a higher high, then chance to develope a counter trend bullish action towards higher daily supp/res ard 1,49 +/-

For now just get cautious with EURAUD             shorts (I think time to scale back AUD longs in general)

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