Kumowizard
Long

EURCAD - So the Euro goes stronger

FX:EURCAD   Euro Fx/Canadian Dollar
75 0 3
Weekly:
- Ichimoku setup has been changing to neutral from clear bearish , but we still have strong support/resistance zone above Price: Trendline, 100 WMA, and a thick Kumo. Lower supp/res is the 1,3650-1,3750 zone (Tenkan and Kijun). Please note that Tenkan is catching up, which means a weak bullish Tenkan/Kijun cross is looming below the Kumo, which would push the setup towards more neutral with bullish bias.
- Heikin Ashi setup is clearly bullish , and Price trades above Kijun Sen for the second week.

Daily:
- Ichimoku setup is bullish , with soon to be confirmed with a Chikou Span cross above past Kumo
- Heikin Ashi finally delivers a buy signal (candle, haDelta/SMA3 and Oscillator too), after price was hesitating for 7 days at Kijun support.
- Next spike may break the major downtrend line.
- Pattern lowers (and those who follow me on Twitter) may have already realised that we have a valid Inverse Head and Shoulders pattern too. The measure tgt             can be minimum 1,42 but maybe even as high as 1,45 from this formation.

I still had some long old long positions left on which I had been selling covered Puts to increase income. I already should have stopped the whole out when it broke neckline above 1,38, but honestly, I took this chance only now, when I saw the retest from 1,41 to 1,38 again. I am out of my old shorts, holding small long now.
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