Possible counter buy with tight stop after stronger US numbers
Weekly:
- Ichimoku is bearish, key support came lower this week to 108,90, but it is still very far above spot price
- Heikin-Ashi is bearish, but candle made a higher low this week. haDelta is below zero but SMA3 is still above.
- MACD is bearish, but the histogram shows bullish divergence
- EWO is bearish, no real new info here.
Daily:
- Ichimoku setup is bearish, but there is problem with the long term momentum: Tenkan and Kijun at same level, Kijun and Senkou B are flat.
- Heikin-Ashi looks like a possible bottom and a bullish reversal. If confirmed later, that will also mean a higher low, with high chance of a starting bullish counter trend.
- EWO may bottom, in that case the wave wil move towards less bearish.
4H:
- Ichimoku is still bearish. Watch Kijun Sen first at 101,75
- After some sideaway noise, Heikin-Ashi looks like increasing bullish. No lower low. Green candles, haDelta/SMA3 above zero
- EWO is ticking higher
Buy 0,3-0,5 unit now, or stop buy above 101,75. Initial stop at 100,55. Size up to 1 unit if you see more bullish signals on 4H and on daily. Until it is a counter trend trade, do not open more than 1 trade unit (at least my rule is this), bigger leverage would be reasonable only above 105!
First tgt is ard 104.
- Ichimoku is bearish, key support came lower this week to 108,90, but it is still very far above spot price
- Heikin-Ashi is bearish, but candle made a higher low this week. haDelta is below zero but SMA3 is still above.
- MACD is bearish, but the histogram shows bullish divergence
- EWO is bearish, no real new info here.
Daily:
- Ichimoku setup is bearish, but there is problem with the long term momentum: Tenkan and Kijun at same level, Kijun and Senkou B are flat.
- Heikin-Ashi looks like a possible bottom and a bullish reversal. If confirmed later, that will also mean a higher low, with high chance of a starting bullish counter trend.
- EWO may bottom, in that case the wave wil move towards less bearish.
4H:
- Ichimoku is still bearish. Watch Kijun Sen first at 101,75
- After some sideaway noise, Heikin-Ashi looks like increasing bullish. No lower low. Green candles, haDelta/SMA3 above zero
- EWO is ticking higher
Buy 0,3-0,5 unit now, or stop buy above 101,75. Initial stop at 100,55. Size up to 1 unit if you see more bullish signals on 4H and on daily. Until it is a counter trend trade, do not open more than 1 trade unit (at least my rule is this), bigger leverage would be reasonable only above 105!
First tgt is ard 104.