TradingView
Kumowizard
May 20, 2016 1:52 PM

H&S confirmed on daily. Sell spikes! Short

Euro Fx/British PoundFXCM

Description

Weekly:
- Ichimoku setup is bullish
- Heiin-Ashi signal is counter bearish.
- Support is ard 0,7550. This can be retracement target for counter shorts.

Daily:
- As I wrote on Twitter someimtes 1-2 weeks ago, I saw chance for a H&S patter to develop. In fact it got confirmation with the breakdown early this week.
- Ichimoku setup is bearish.
- Heikin-Ashi setup is bearish, but as haDelta quickly hit an extreme low, from where we also see a cross back above SMA3. Probably we will see some pull back towards bearish supports.
- Bearish Support and the zone to look for short entry is: 0,7785 - 0,7825. Let's hope we get a correction there.

Note: As my new job as Chief Economist makes me extremely busy sometimes, I really have less time to post here on Tradingview, but I am still quite active on Twitter. If you have not yet done, please follow me on Twitter as well to get some indications, setups and ideas about the assets I trade with my Ichimoku / Heikin-Ashi concept. And sometimes some funny GIFs and interesting re-tweets too.
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