All indicators show a strategic picture, but haDelta suggests we may see some pause at 51-52 key
- setup is with supports at: 48,50 and 47,10
- We have had a divergence warning signal by haOscillator indicator since 5/Oct, but short squeeze sent price even higher.
- Heikin-Ashi gave a clear signal yesterday for a local top. Today candle and haDelta confirms, we can expect more pull back.
- EWO also shows a wave top was in.
Reduce long position or cut it all. Since the basic trendfollowing setup is on both time frames. I marked this post as "Short" to signal a possible wave down, but this doesn not mean I recommend taking a short position! Not at all! It is simply not a good risk/reward, and a bet can distract focus from the major setup.
For now I stay on sidelines, wait for a dip and will look for next signal.
Note: I also closed all EURNOK short positions by now.