Kumowizard
Long

Extreme love and hate - Watch for a CT long

FX:GBPCAD   British Pound/Canadian Dollar
63 1 2
This is how extreme love turns into extreme hate. Maybe as it is a bit too extreme, we can start to focus on some form of consolidation, correction.

Weekly:
- 13 weeks continous fall, wash through trendline and Kumo --> Ichimoku setup is strategic bearish now.
But price got too farbelow Kijun and Kumo, so the 1,95 equilibrium should attract price back a bit.
- EWO             hit an extreme low last week.
- Heikin-Ashi candle may signal a pause/reversal this week, but the week has just started, so we have to check the picture 3-4 days later again. Important to have a higher low this week, optimally above 1,8150!
haDelta hit a really extreme low end of February, since then it is correcting higher, targetting zero.
- Price reached important resistance area at 1,81-1,82 during last two weeks, but despite last week it still made slightly lower low, failed to close below the key zone!
- Upper bearish supports, and possible retracement tgts: 1,8860 / 1,93+ / 1,95 (low probability)

Daily:
- Ichimoku setup is bearish
- Heikin-Ashi gave a short term bullish signal. haDelta is above zero, but what is mroe important its bullish divergence . Even if price dips one more time, we need to see haDelta holding bullish bias. Then probably with nixt spike above Kijun Sen it will give a clear counter trend buy signal.
- EWO             is bearish , but buitl positive divergence.

The hate is way too big, shorts don't have much upside left to keep their bearish positions.
Maybe it is not a time to go long in large, but it worths to watch and buy small clips on dips.
Ha! Read my mind.
I'm long already. Looks promising indeed.
Cheers.
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