Weekly:
- Ichimoku setup is strategic bearish. Price trades in a wide down trend channel. Kumo top and horizontal key level (point of strategic reversal) is at 15,05.
- Heikin Ashi signal for this week is bearish
Daily:
- Ichimoku setup is bearish, but we must pay attention to future Kumo, which became very thin and is a lot lower now. That points to a key supp/res level ard 12,70.
- Heikin Ashi signals possible pause after 11 days heavy selling from 13,50. Today the candle is small and within body of previous candle. Previous candle yesterday did not make a lower low. haDelta crossed back above SMA3 after reaching key bottom level. Can we see a spike from a double bottom?
Buy small 0,5 trade unit. This trade is bottom fishing, but it has some good probability to work and risk-reward is not bad even if we only tgt 12,70.
p.s.: In case Price starts bullish move and could break above 12,70-13,00, that means a possible double bottom and a breakout tgt to 14,50. But I think it is still too early to talk about this scenario in details
- Ichimoku setup is strategic bearish. Price trades in a wide down trend channel. Kumo top and horizontal key level (point of strategic reversal) is at 15,05.
- Heikin Ashi signal for this week is bearish
Daily:
- Ichimoku setup is bearish, but we must pay attention to future Kumo, which became very thin and is a lot lower now. That points to a key supp/res level ard 12,70.
- Heikin Ashi signals possible pause after 11 days heavy selling from 13,50. Today the candle is small and within body of previous candle. Previous candle yesterday did not make a lower low. haDelta crossed back above SMA3 after reaching key bottom level. Can we see a spike from a double bottom?
Buy small 0,5 trade unit. This trade is bottom fishing, but it has some good probability to work and risk-reward is not bad even if we only tgt 12,70.
p.s.: In case Price starts bullish move and could break above 12,70-13,00, that means a possible double bottom and a breakout tgt to 14,50. But I think it is still too early to talk about this scenario in details
