EURHUF - Close all shorts, open small long again
Daily:
- Slow Stoch buy signal, MACD lines are converging
- Yesterday we had a Heikine Ashi reversal candle with small body and long wicks. Today's HA candle is green. haDelta crossed back above SMA3 and breaching above zero line.
- Chikou Span reached past Kumo and turnign up again
- Short term supp/resistance is daily Tenkan Sen at 308,90
4 Hours:
- Ichimoku setup is changing to neutral from bearish. Weak bullish Tenkan/Kijun cross. DMI lost bearish trend bias. Weak
- Green HA candles in a row, followed by some small body candles which mean short term pause, but haDelta is turning back above SMA3 and this cross is happenning above zero line, so the chances are better for more bullish move.
- Short term supp/res is at Kumo and 100WMA around 309.
EURHUF is losing its heavy bearish bias. We will see some consolidation around 306,50-308,50, and very likely a spike to the daily Kumo, to 312-314 area. Watch Price action at 309 key level for further indication and bullish confirmation.
I closed all my shorts, enterring some long, with stop below 305.
- Slow Stoch buy signal, MACD lines are converging
- Yesterday we had a Heikine Ashi reversal candle with small body and long wicks. Today's HA candle is green. haDelta crossed back above SMA3 and breaching above zero line.
- Chikou Span reached past Kumo and turnign up again
- Short term supp/resistance is daily Tenkan Sen at 308,90
4 Hours:
- Ichimoku setup is changing to neutral from bearish. Weak bullish Tenkan/Kijun cross. DMI lost bearish trend bias. Weak
- Green HA candles in a row, followed by some small body candles which mean short term pause, but haDelta is turning back above SMA3 and this cross is happenning above zero line, so the chances are better for more bullish move.
- Short term supp/res is at Kumo and 100WMA around 309.
EURHUF is losing its heavy bearish bias. We will see some consolidation around 306,50-308,50, and very likely a spike to the daily Kumo, to 312-314 area. Watch Price action at 309 key level for further indication and bullish confirmation.
I closed all my shorts, enterring some long, with stop below 305.
