Daily: Since the huge pin bar Price corrected down to Kijun Sen, then again up to Kijun Sen.
Last two days closings were both hanging man, rejecting the Key Resistance at Kijun. Slow Stoch gives a sell signal, with negative divergence to Price as well.
I expect this cross to come down into the Kumo this week. Later it will deoend a lot on ECB policy. Fundamental adventages are on NOK side ag. EUR.
I am holding some strategic shorts already, with selling Puts on it whenever it becomes oversold in the range. I believe at some point later this year we'll see a bearish Kumo break again and the bearish trend will resume.
Last two days closings were both hanging man, rejecting the Key Resistance at Kijun. Slow Stoch gives a sell signal, with negative divergence to Price as well.
I expect this cross to come down into the Kumo this week. Later it will deoend a lot on ECB policy. Fundamental adventages are on NOK side ag. EUR.
I am holding some strategic shorts already, with selling Puts on it whenever it becomes oversold in the range. I believe at some point later this year we'll see a bearish Kumo break again and the bearish trend will resume.
