- 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
If I had to chose, I'd be small long now again with stop below 1,0800