Kumowizard
Short

How to catch a local top?

OANDA:USDHUF   USD/HUF
63 0 6
Daily:
- Bullish Ichimoku with supportat 281,75. Price move is too sharp, price is far above Kijun Sen and Senkou B! (bit overbought)
- Price reached strong resistance zone at 290+
- Heikin-Ashi candle is bullish , but haDelta and DMO has warning signals: cross down after an extreme high print. This is initial signal of momentum loss. Market should start consolidation / pull back within few days.
- EWO and MACD are bullish

4H:
- Bullish Ichimoku
- Heikin-Ashi signals is more bullish , but DMO is building negative divergence
- EWO is bullish , but decreasing: negative divergence
- A possible bearish wedge: if price can't make a higher high today, then divergences will put pressure on market, and a break below Tenkan and the wedge (289-289,50) can accelerate profit taking down to 283-285 area.

For now profit taking on longs is highly recommended!
Also watch for a swing short -> key level is 289,50
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