1. warning!!! -> neutral setup is turning towards more BULLISH!:
- Look at forward Kumo! Senkou Span cross 26 weeks ahead!
- Price may close above horizontal Key level this week. Candle top already spiked above Kumo
- Chikou Span is above past candles. This means spot price is higher than any time during previous 26 weeks! Although we have to mention that Chikou is enterring a thick Kumo cloud. There you see the possible resistances ahead of market should it continue upto 1,20.
2 Heikin-Ashi is , momentum is good so far.
3. EWO is
Your long term strategic action must be on EURUSD , alias on USD in general!
When and where to buy, enter more longs is a question which we can try to answer with daily time frame analysis.
- setup has been for a while. Sometimes we have a noise with temporary Price/Kijun cross downs, but the trend is clear. Major averages point up!
- Heikin-Ashi signalled this possible profit taking - days ago. No surprise here. But now we have to watch haDelta action, as Price reached first key support at 1,1390 - 1,1415
- Obviously NFP can be decisive. So watch for a clear signal. We have some more supports lower: 1,1335 and 1,1270
Again, the question is not what to do! The question is when!
Strategy is Buy only for now.