EURNOK - Question of time? Range and tightenning triangle
Weekly:
- Ichimoku setup is hard to read a bit. All in all it is rather neutral: Price is still above Kumo, but below Kijun and Senkou B (9,00). Chikou Span will hit Price candles within a few weeks. Strategic bearish reversal could take place only below 8,45.
- Heikin Ashi candle pattern shows a pull back (correction) for the last five weeks. Watch this week's candle if it can close above Tenkan Sen or gives any sign of bearish reversal.
Daily:
- Ichimoku setup is neutral. Price, Tenkan and Kijun are all in the Kumo, and all stay at same level, which means Price is at equilibrium.
- Heikin Ashi candles yesterday and today signal a pause in the mini bullish momentum or maybe even a possible reversal to bearish soon. Price is not just stuck around the averages, but also within a tightenning triangle. If the triangle and the Kumo breaks on the lower side at 8,60, then we will see an attack of the 8,55 resistance. Below that space would be open to 8,45.
4H:
- Ichimoku setup is turning to bearish from neutral.
- Heikin Ashi signal is bearish. Supp/res levels are 8,65 / 8,60 / 8,55
- Ichimoku setup is hard to read a bit. All in all it is rather neutral: Price is still above Kumo, but below Kijun and Senkou B (9,00). Chikou Span will hit Price candles within a few weeks. Strategic bearish reversal could take place only below 8,45.
- Heikin Ashi candle pattern shows a pull back (correction) for the last five weeks. Watch this week's candle if it can close above Tenkan Sen or gives any sign of bearish reversal.
Daily:
- Ichimoku setup is neutral. Price, Tenkan and Kijun are all in the Kumo, and all stay at same level, which means Price is at equilibrium.
- Heikin Ashi candles yesterday and today signal a pause in the mini bullish momentum or maybe even a possible reversal to bearish soon. Price is not just stuck around the averages, but also within a tightenning triangle. If the triangle and the Kumo breaks on the lower side at 8,60, then we will see an attack of the 8,55 resistance. Below that space would be open to 8,45.
4H:
- Ichimoku setup is turning to bearish from neutral.
- Heikin Ashi signal is bearish. Supp/res levels are 8,65 / 8,60 / 8,55
