Kumowizard
Long

EURUSD - Back to equilibrium. What's next?

FX:EURUSD   Euro / U.S. Dollar
711 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
up up up
Reply
short
Reply
Kumowizard frederic6
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?
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out