So ,FOMC tomorrow... Are you going to stick to computer tomorrow??? I'll be at work ,so i don't care what Fed say. I am already in my positions. Here is my opinion on EURUSD...
Monthly:Look at first chart to the right
-It is still bearish chart
-Only thing worth noting is HA Osc is above 0
-Look how far Kijun is. Two possibilities here- Either this pair consolidates more or we ho higher and kijun comes down a bit . Prices like equilibrium. So, short term I am bullish here.
Weekly:
-Euro was turned down by 100 wma. Price is still below cloud.
-Ichimoku is neutral
-HA OSC has a bullish cross below 0
-Worth noting is prices did find supp at Kijun last week and turned up sharply.
Daily:
-Strong buyers came at cloud bottom
-Euro above 200 ma and 100 wma
-Momentum is lost as chinkou hit past candles
-HA osc is bullish
-That 1.1070 is strong support. I was checking lower TF and see buyers defending that level. If we are to go higher, this is the level.
From Elliot wave point of view, there are different options but i think we finished W AND X and we need c of Y to finish it. In simpler terms, I see one more leg up.If EURUSD falls tomorrow and we close below weekly kijun, that will be different story. I am trading probabilities here. For me, I like EURUSD to upside. I am long and giving a wide stop as tomorrow's session will be a volatile one. If I am wrong, i will be stopped it and move on to next trade.
Monthly:Look at first chart to the right
-It is still bearish chart
-Only thing worth noting is HA Osc is above 0
-Look how far Kijun is. Two possibilities here- Either this pair consolidates more or we ho higher and kijun comes down a bit . Prices like equilibrium. So, short term I am bullish here.
Weekly:
-Euro was turned down by 100 wma. Price is still below cloud.
-Ichimoku is neutral
-HA OSC has a bullish cross below 0
-Worth noting is prices did find supp at Kijun last week and turned up sharply.
Daily:
-Strong buyers came at cloud bottom
-Euro above 200 ma and 100 wma
-Momentum is lost as chinkou hit past candles
-HA osc is bullish
-That 1.1070 is strong support. I was checking lower TF and see buyers defending that level. If we are to go higher, this is the level.
From Elliot wave point of view, there are different options but i think we finished W AND X and we need c of Y to finish it. In simpler terms, I see one more leg up.If EURUSD falls tomorrow and we close below weekly kijun, that will be different story. I am trading probabilities here. For me, I like EURUSD to upside. I am long and giving a wide stop as tomorrow's session will be a volatile one. If I am wrong, i will be stopped it and move on to next trade.