Kumowizard

EURUSD - "Two-Face". It just could not be more neutral (D/4H)

FX:EURUSD   Euro Fx/U.S. Dollar
615 9 8
This is going to be a boring post. Why? Because what is dull is dull.
EURUSD             is still in a completely neutral zone. I see people guessing and trying to push ideas why it's bullish , why it's bearish , but in fact, right now NO ONE can be such an oraculum to tell us with high confidence which way and when the breakout will finally happen.

Daily:
- No real change. Price is exactly in the middle of the completely neutral Ichimoku zone. Trades in the Kumo between 9 and 26 days averages, and also around the 52 days average (Future Senkou B line).
- Heikin Ashi has som bullish bias, but if the candle close will be below 1,1115, then it means the smort term mentum drops a lot today.
- The simmetric triangle is still active, what's more, the triangle lines started to match the Kumo lines few days ahead.

4H:
- Tricky. Ichimoku setup is neutral right now. Price in the Kumo again, testing Kijun Sen (red line, which is a bullish support until holds). 100 WMA flattened out, this also says EURUSD             stopped trending.
Future Senkou A (green) points up, and is above Senkou B, which means a possible slightly bullish bias ahead, but Price is the decisive factor, which means for a bullish continuation it has to move back above Kijun Sen and 100 WMA.
- Heikin Ashi is bearish , but it's also hard to decide wether it's just a pull back to Kijun Sen support, or if bearish wave can accelerate.

As you see it is mixed, annoying, and NOT trending right now. I still think there is slightly higher chance for a bullish continuation from these levels, but opening, adding any new positions here and now would be rather gambling, than a high probability trade or investment entry. We still have to wait a bit more.
Agree watch breakouts of 1.1000 or 1.1200
+1 Reply
Kumowizard PRO MarkLangley
2 years ago
Exactly, but the breakout has to be a real breakout on a Close! Not just a penetration. In terms of Close, I mean a regular candle close, since Heikin Ashi candles are averaging.
+1 Reply
MarkLangley PRO Kumowizard
2 years ago
absolutely the confirmation only on close
Reply
CapMoore
2 years ago
A daily close below 1.0960 would give a bearish kumo break (regular candles), which could cause some follow through,
but sure is choppy. Hourly also neutral. Weekly Kijun acting support also now at 1,1070. A weekly Bullish TK cross is likely
coming, but well into bearish territory.
Reply
Kumowizard PRO CapMoore
2 years ago
I fully agree with all your observation!
Reply
o5jaylee
2 years ago
I trade Ichi as well and see EUR/USD as a no trade in my book. My best Ichi trade this week is long USD/SGD
Reply
Kumowizard PRO o5jaylee
2 years ago
Yes it is now close to a bearish breakout, but who knows if it will happen or fades again? I also checked ADX, which is extremely low, ard 14-15 points on daily, which clearly tells us do not touch it!
Reply
o5jaylee Kumowizard
2 years ago
i just looked at the daily and saw a weak bearish TK cross, Candle (in cloud) may break to low side. Chiko span above the cloud. looks like a no trade for me. I guess it goes bearish but I wouldnt trade it now
Reply
Kumowizard PRO o5jaylee
2 years ago
Well, as you see, the basic rule matters. Try not to touch anything which trades in the Kumo! Or even if you do, do it only with 0,5 unti maximum size. This sht has tricked a lot of people today again. That's why I wrote above, closing is what really matters, as it can make a lot of noise intraday.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out