Daily: simply bullish on all fronts, but...
- Chikou Span hits past Kumo top as possible resistance
- Price is a bit distrant from Kijun Sen (red line, 26 days average)
Weekly:
- Ichimoku setup is back to neutral
- Price reached important key support/resistance at 1,4533+, where we both have Kijun Sen (26 weeks average) and forward Senkou B (52 weeks average - forward Kumo top)
- EWO is back to neutral
- MACD points up, but still well below its zero center line
- haOscillator crossed down -> be cautious! While weekly candle already has higher high, this signal may be some warning when price trades at key resistance!
Conclsuion: If you are still long, reduce your position.
- Chikou Span hits past Kumo top as possible resistance
- Price is a bit distrant from Kijun Sen (red line, 26 days average)
Weekly:
- Ichimoku setup is back to neutral
- Price reached important key support/resistance at 1,4533+, where we both have Kijun Sen (26 weeks average) and forward Senkou B (52 weeks average - forward Kumo top)
- EWO is back to neutral
- MACD points up, but still well below its zero center line
- haOscillator crossed down -> be cautious! While weekly candle already has higher high, this signal may be some warning when price trades at key resistance!
Conclsuion: If you are still long, reduce your position.