TradingView
Kumowizard
Apr 20, 2017 4:33 PM

Too much divergence Short

EUR/HUFOANDA

Description

- Daily candles have higher highs, but last three candles had relevant lower wicks too.
- The small candle bodies are also reflected in both haDelta+ and haOscillator, which thus developed quite some negative divergence
- EWO and MACD histogram alsotick lower -> early negative divergences

- 4H divergence is seen in both EWO and haOscillator

While the trend and setup is still bullish, should it break below 4H Kijun (313,26), a sudden reversal and dip to 311-312 zone would be very possible.

I suggest to get out of all longs and/or sell covered Calls.
Comments
abundance28
just got out of it! :)
Kumowizard
I am hedging it too. @abundance28,
Kumowizard


Another failure today on the top side at 314. I sold more. Net short now.
More