Waiting for price to break 1st resistance in the Senkou span. Meanwhile Kijun has just crossed below price (bullish signal). Tenkan looks fine, its flat lining for a while, but it will change later... Last but not least, the Chikou span just completed a bottom-top crossover, meaning a bullish trend is probable (but we must keep in mind that because of the nature of this line that the crossover may have been caused by recent up movement
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Looking like a strong buy so far
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Although ADX still hasn't risen
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Looks like we're consolidating for a while... may not go according to plan
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Price has broken first resistance point but has not had the strength to pull through the second one. ADX has completely fallen and StochRSI is showing overbought. Conclusion: Its in consolidation and its looking like it may drop... (sad face)
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Looks like we had a bit of an up movement there, but it ended up in the same place as before. Still hanging around the middle of both of the resistance points. But considering the fact that EU is meeting its demise, I wouldn't long this pair anymore. Its all short from here on!
(a more extensive elaboration coming up for the short)
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Chugging along slowly, but check my other idea, where I provide a lengthy description of why a long term short is good to keep in mind...