Kumowizard
Long

EURUSD - Back to equilibrium. What's next?

FX:EURUSD   Euro Fx/U.S. Dollar
699 3 9
- Price has moved lower than I previously expected. 1,1050 support did not block sellers, so Price dipped back into the Kumo. Ichimoku setup is neutral now. EURUSD             is trading ard (slightly below) the actual and future Senkou A level, so we can say at a longer term equilibrium. Chikou Span reached resistance at past Kumo and candles. A pause is likely here, bearish momentum should decrease.
- Heikin Ashi candle shows undecision right now. Looking at haDelta a move up from equilibrium has a bit higher probability than of further bearish continuation. Upper resistance zone ahead of bulls is at 1,1060 / 1,1130. With a sustained break above 1,1130 market will focus at 1, 1400             tgt             again.

If I had to chose, I'd be small long now again with stop below 1,0800
frederic6
2 years ago
short
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Kumowizard PRO frederic6
2 years ago
Maybe I bought it from you. Good thing in this situation is that one of us will make money :-). The other good thing is that both of us smart enough to use protective stop as always! So net-net two of us will make money for sure :-D. The question is whose pocket will be thicker at the end?
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Krio
2 years ago
up up up
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