But maybe still not too late to catch something here next week!
Daily: Price has been trading below the Kumo, perfectly retested it, followed by rejection. Tenkan/Kijun is about to give us a strong sell signal again. DMI crossed , but is still low. If price breaks lower through 8,22-8,20, then both 8,50 and the daily trend reversal will be absolutely confirmed, and we will see a longer .
4 Hrs: Obviously massive , but Slow is oversold. I hope this will bring some pullback to 8,29-8,31 retracement Zone, where we could sell this cross with a .
If I enter, I will consider this trade as a long term strategic short. I will have no intention to play swing trades on it, just keep it as a hedge to my portfolios EUR exposure, until the trend will be down. The only thing I will do from time to time, that in case daily Slow gets into oversold zone and price meets some kind of resistence level, I will write out short dated (1 or 2 weeks) covered Put options.