Kumowizard
Short

Trend is your friend... until its end

FX:EURGBP   Euro Fx/British Pound
142 1 3
Weekly:
- long term bearish trendline touched yesterday, and refused
- Heikin-Ashi signals possible momentum loss of multi-week bullish move
- Thick Kumo and 100 WMA acts as good support/resistance again
- Price will lilely dip to 0,72, the big question is if it can break below or will only make a higher low. In case of a higher low, EWO positive divergnece could build further and after next buy gignal the trend may finally reverse

Daily:
- Ichimoku setup is bullish , but Chikou Span reached resistance at past Kumo top. Price also got very far above equilibrium of 0,7200 (Kijun and future Senkou B)
- haDelta has been signalling short term negative divergence for some time. Finally Price action starts to adjust and a pull back is on its way. Red candle today, haDelta/SMA3 below zero and HA Oscillator also switches bearish .
- Thick Kumo should provide a stronger support in 0,7160-0,7200 zone, This can be the possible retracement area for now.
NateFX PRO
11 months ago
I feeeel really bullish about this pair only because the resistance up at 0.74000 was so strong.. Could be wrong but thats life! GL m8
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