Daily:
- Bullish Ichimoku, but Price action gone wild a bit. Market has become overbought and needs consolidation/pull back to equilibrium.
- Heikin-Ashi warning signal for bulls! Market is losing a bit of its momentum -> see haDelta negative divergence
- EWO is relatively too high.
( -not shown on the chart, but Slow Stochastic is about to make a bearish cross too)
Price can retrace to 1,3550+ or maybe even to 1,34 area.
4H:
- Ichimoku setup is still bullish, with major supports at 1,3650 and 1,3550
- Heikin-Ashi price action shows start of correction. First dip to tgt 1,3650. Then gvn EWO, one more spike is possible, where we'll have to check if the pair makes a higher high. Without higher high next leg down could tgt 1,3550 or maybe even lower levels.
Strategy: Exit longs, get ready to enter small (max 0,5 unit) swing short position.
- Bullish Ichimoku, but Price action gone wild a bit. Market has become overbought and needs consolidation/pull back to equilibrium.
- Heikin-Ashi warning signal for bulls! Market is losing a bit of its momentum -> see haDelta negative divergence
- EWO is relatively too high.
( -not shown on the chart, but Slow Stochastic is about to make a bearish cross too)
Price can retrace to 1,3550+ or maybe even to 1,34 area.
4H:
- Ichimoku setup is still bullish, with major supports at 1,3650 and 1,3550
- Heikin-Ashi price action shows start of correction. First dip to tgt 1,3650. Then gvn EWO, one more spike is possible, where we'll have to check if the pair makes a higher high. Without higher high next leg down could tgt 1,3550 or maybe even lower levels.
Strategy: Exit longs, get ready to enter small (max 0,5 unit) swing short position.