Kumowizard

Divergence on a bull market -> be careful now!

Short
FX_IDC:EURUSD   Euro / U.S. Dollar

While the Ichimoku setup is bullish, Bulls must be careful at this level, as there is increasing negative divergence in the indicators.

Weekly:
- Ichimoku has bullish bias, but price reached range top/horizontal resistance. We may see a pause here short term. Some conslidation or minor pull back is possible. Forward Kumo has bullish indication for the long term, but thebullish Kumo breakout will be validated only if mkt once closes above 1,15 on a weekly basis.
- while Heikin-Ashi candle itself still has a higher high, haDelta suggests a top here is possible. Weekly close will be very important. haOscillator shows some less momentum strength too.
- EWO is bullish. MACD is bullish

Daily:
- Bullish Ichimoku setup
- Heikin-Ashi qantification tools signal loss of momentum: look at haDelta+ and especially haOscillator cross downs.
- MACD and EWO may have started to build negative divergence too (not yet confirmed)

The breath of this market tells the story of a momentum problem for me. If you are still long of this pair, maybe time to hedge or TP. If you have better experience in swing trading you may start to think about a swing short too.

Market may soon retest 1,12+

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