Anyway, what's new here? Tight range still, with no acceleration power.
Daily: DMI, Slow Stoch and MACD all bearish. Px still above the Kumo Cloud, and Tenkan/Kijun still positive, but there is no bullish momentum at all.
4 Hrs: DMI still bearish, but with a very low ADX. Tenkan/Kijun still bearish here. Slow stoch was up during this rangebound move, but has become overbought and about to cross down soon. Recent candle seems just about to cross below 100 WMA and Kijun sen, which is a sell signal.
Real short term break level is 1870! (Next key support is ard 1854 as per daily Kijun Sen)
Watch next 4 Hrs Heiken Ashi candle close! That will be very important if turns red, espec as it is trading at all moving averages lines.
Trade Idea: Open outright shorts within 1874 - 1879 range, with stop above 1883.
Size up shorts with a break below 1870, with trailing the initial stop lower.
p.s.: I still hold my Long Puts as major position. Pls see related post below.
Daily: DMI, Slow Stoch and MACD all bearish. Px still above the Kumo Cloud, and Tenkan/Kijun still positive, but there is no bullish momentum at all.
4 Hrs: DMI still bearish, but with a very low ADX. Tenkan/Kijun still bearish here. Slow stoch was up during this rangebound move, but has become overbought and about to cross down soon. Recent candle seems just about to cross below 100 WMA and Kijun sen, which is a sell signal.
Real short term break level is 1870! (Next key support is ard 1854 as per daily Kijun Sen)
Watch next 4 Hrs Heiken Ashi candle close! That will be very important if turns red, espec as it is trading at all moving averages lines.
Trade Idea: Open outright shorts within 1874 - 1879 range, with stop above 1883.
Size up shorts with a break below 1870, with trailing the initial stop lower.
p.s.: I still hold my Long Puts as major position. Pls see related post below.
