Well, from this setup it is hard to tell which direction it will go. As I wrote on Twitter before, the only thing I see here today is loss of bearish momentum at equilibrium level. So far the Kumo proved to be support/resistance.
Obviously NFP will decide tomorrow.
Technically the market is absolutely neutral: - Price is at Kumo and Kijun - Tenkan is still above Kijun -* Forward Kumo still shows bullish bias - Heikin-Ashi prints a doji candle tih haDelta and haOscillator cross up below zero = indecision - EWO at zero = indecision, no trend
Safe stop buy could be above 1,1225, but only after NFP noise is gone! Stop sell on the on the other side for a bearish break would be reasonable around 1,1115. No trade recommended in between.
Comments
vankoosh
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Agreed. Price reached the long term daily zigzag curve too, precisely at 0.618 of the previous up trend, so i would sit this one out and wait.
vankoosh
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I meant its at 0.618 retracement of previous down trend, not up. So i suspect its gonna go mid term short from now on.