Kumowizard
Long

GBPUSD - Looking for a valid buy signal at support

FX:GBPUSD   British Pound/U.S. Dollar
242 2 5
My last idea proved to be wrong: Daily Kijun Sen did not stop sellers, and there was no valid Heikin Ashi buy signal at that possible support. Will the Weekly Kijun + Daily Kumo together act as stronger support this time?

Weekly:
- Ichimoku setup is neutral/bearish, Price trades below Kumo, with future Kumo overshade. Price just reached Tenkan and Kijun (both are at same level this time), which together should act as stronger supp/res. If GBPUSD             holds above 1,5190, the pull back may come to its end and finally we'll see a new bullish wave with possibly 1,59 tgt             .
- Heikin Ashi signal is still bearish (the week is not yet over). Watch if haDelta/SMA3 comes back above zero line.

Daily:
- Ichimoku setup is neutra/bullish. price reached future Senkou B level (which means trades at 52 days equilibrium). Tenkan/Kijun is in weak bearish cross above price, which means 1,5450 will be some resistance even if price starts to move up.
- Will it start to move up at all? Watch Heikin Ashi signal, and you'll get the answer in time!
Today (so far, as day is not yet over) Heikin Ashi candle had a higher low compared to yesterday candle's, and a smaller body as well (however the body is not completely within the prev. candle's body). haDelta/SMA3 drifts higher very slowly. All together the quantification shows that bearish momentum started to decrease today at the possible support.

It may be a good buy opportunity soon, but we need to see some more confirming signals before we enter with full units. Until then maybe accumulate only small longs.

p.s.: If you check one lower (4H) time frame, there you see Kijun Sen at 1,5300, and future Kumo top (Senkou B) ard 1,5450. This means Bears will start to cover their shorts above 1,5300 but they will fight back on Bulls ard 1,54-1,5450. Also short term bullish players may cut back positions and take profit ard 1,5400+.

Peter128
2 years ago
Yes. The yesterday Low @ 1.5170 was a Divergence bottom.
Reply
Harmonics supports the upside , and from the fundamental view Brent bounced from the lows
snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out