Kumowizard

When and how to enter long?

FX:USDJPY   U.S. Dollar/Japanese Yen
183 1 9
- Ichimoku setup is still neutral, price just flirted with fresh air above Kumo, but could not break and hold above 104. Kumo cloud, Tenkan and Kijun are all flat. This is still a range, not a trend! If anyone would like to buy it, should buy either a clear breakout above 104, or wait for a pull back to 102+ (Kijun). In secons case we have to examine price action at the POSSIBLE support of 102, and buy only if we see a proper bullish signal.
- As Price has been holding above 100wma, we can start to have some positive bias! EWO is also green, but it also needs some more time to prove.
- 100 key supp/res held for three times.
- Heikin-Ashi shows indecision for now, short term it will probably dip back into Kumo. haDelta and haOscillator will be very important to hold above their zero lines, to prove Bulls are getting stronger.

For now I set up two alerts. One above 104, the other below 102,50.
Kumowizard PRO
3 months ago
Careful! 104 has to be cleared on closing basis! Otherwise momentum could fade again.
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