Bearish? It was...until now. Price hits strong resistance.
First of all I don't really understand what makes PLN so attractive, as politics is shame sht there as few months ago. Macro has not changed either.
Weekly:
- Ichimoku back to neutral, thick Kumo shades price candles ahead.
- Heikin-Ashi has been consecutive bearish for the last 6 weeks, with strong momentum, candles had no upper wicks, candle bodies were long. First warning last week end: haDelta hit a relative low with price reaching a strong supp/res level at 100WMA and horizonttal line: 4,23-4,24
The Heikin-Ashi pattern is changing this week! Candle already has an upper wick too, and may print an inside body by friday close! + haDelta/SMA3 ticking up.
This suggests the bearish move is out of steam, and price can start to move up again towards 4,35.
- EWO is neutral
Daily:
- Ichimoku setup is still bearish
- Heikin-Ashi signal however suggests consolidation or reversal may take place above 4,23-4,24 key resistance.
haDelta/SMA3 has been nuilding a positive divergence, and today the indicator moved above zero line. HA Oscillator swicthed to bullish.
- EWO is bearish, but bars ticking higher.
Market as I hear is pretty much long PLN (short EURPLN), so in case some unwinds, price can quickly retest to 4,30-4,35 zone.
Strategy: close all shorts / open 0,5 unit CT long!
Weekly:
- Ichimoku back to neutral, thick Kumo shades price candles ahead.
- Heikin-Ashi has been consecutive bearish for the last 6 weeks, with strong momentum, candles had no upper wicks, candle bodies were long. First warning last week end: haDelta hit a relative low with price reaching a strong supp/res level at 100WMA and horizonttal line: 4,23-4,24
The Heikin-Ashi pattern is changing this week! Candle already has an upper wick too, and may print an inside body by friday close! + haDelta/SMA3 ticking up.
This suggests the bearish move is out of steam, and price can start to move up again towards 4,35.
- EWO is neutral
Daily:
- Ichimoku setup is still bearish
- Heikin-Ashi signal however suggests consolidation or reversal may take place above 4,23-4,24 key resistance.
haDelta/SMA3 has been nuilding a positive divergence, and today the indicator moved above zero line. HA Oscillator swicthed to bullish.
- EWO is bearish, but bars ticking higher.
Market as I hear is pretty much long PLN (short EURPLN), so in case some unwinds, price can quickly retest to 4,30-4,35 zone.
Strategy: close all shorts / open 0,5 unit CT long!