Bears don't show much power. Exit can be tight at 1,1120

FX:EURUSD   Euro / U.S. Dollar
482 7 11
- Ichimoku setup is bearish , but with signs tópointing towards more neutral: weak bullish Tenan/Kijun cross, Price could not make a lower low and still trades at Kijun Sen (9 weeks average)
- Heikin Ashi shows undecision, consolodiation and a possible bullish bias ahead for next weeks: doji like candle with small green body (watch close today), haDelta/SMA3 cross up, with exisiting positive divergence

- Ichimoku setup is bearish biased, but for real bearish confirmatio Price should clear 1,0820.
- Heikin Ashi started to show drop in bearish momentum: in case today candle will have an inside body with no lower low, the next candle on monday may bring a reversal signal. It looks like bears don't have enough power to break 1,09. If this will be the case, then there is good chance for a mini inverse H&S pattern to develop, with a neckline ard             1,1120. That is exactly the level of Senkou B, which means a break of 1,1120 could send price up to inv H&S pattern's measured tgt             at 1,14, where we also have the major downtrend line.

Please note that this idea of the small inverse Head and Shoulder pattern is just one possibility, with some, but still below 50 % chance. So I can not and do not want to project this move will happen. For now I need to see at least one further Heikin Ashi bullish signal to increase the chance of this scenario and to enter reasonable long with higher probability.
As I said. This exit is going to be fckn too tight this way!!!
Good time to close longs :
Or the shorts if it breaks on the top side :-). I think there are a lot more strategic short than long. I am neutral now, because I do not play very low time frames and intraday. The last counter long opp in my model was from 1,0920+ to 1,1050-1100 last time. But those shd have been already closed based on HA signal. I am thinking about to go long actually, but I need to see the daily and weekly close.
Kumowizard PRO Kumowizard
Funny. Just as I wrote I enterred long on stop buy :-D
Kumowizard PRO Kumowizard
Actually I did more USDHUF shorts (initial 0,5 unit) today. Please see the kink above
Mirandole PRO Mirandole
Or not ! Great Job ;)
thx, but this is also some luck now. Anyway, the real juice will come above 1,1100
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
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