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