Weekly:
- Ichimoku neutral: price in Kumo, right at Kijun Sen. -> this is the first important key supp/res at 1232+
- Heikin-Ashi may give a bullish signal this week. Please note we have to wait for end of week close to see if candle will be green without lower wick, and if price closes above 1232. haDelta has positive bias until now. For further confirmation we have to monitor haOscillator for a bullish cross above its center line. (this could happen with a bullish momentum pickup)
- EWO is neutral (value close to zero). MACD is above signal line, but below zero: consolidation.
- Please note that a decisive break above 1232 would bring a medium strong Tenkan/Kijun cross too.
- Next key zone will be 1250-1260. Above that bullish space would open to target 1450.
Daily:
- Ichimoku still has neutral setup, with a weak bearish T/K. This would change if price could break and close above daily Kijun Sen at 1232+. That would be a bullish trigger.
- Heikin-Ashi shows some indecision at this important 1232+ key level: haDelta and haOscillator crossed down, which indicates some minor loss of recent swing bullish momentum. This doesn't mean anything, until the indicators are above their center lines. It means only some pause before the next move.
- EWO turns positive again, MACD crossed up. These signals together with a break and close above Kijun Sen could generate a strong buy signal.
At first glance Long position has better risk/reward, but as always you have to know your risk (position sizing, entry and stop level), and be accurate on timing.
- Ichimoku neutral: price in Kumo, right at Kijun Sen. -> this is the first important key supp/res at 1232+
- Heikin-Ashi may give a bullish signal this week. Please note we have to wait for end of week close to see if candle will be green without lower wick, and if price closes above 1232. haDelta has positive bias until now. For further confirmation we have to monitor haOscillator for a bullish cross above its center line. (this could happen with a bullish momentum pickup)
- EWO is neutral (value close to zero). MACD is above signal line, but below zero: consolidation.
- Please note that a decisive break above 1232 would bring a medium strong Tenkan/Kijun cross too.
- Next key zone will be 1250-1260. Above that bullish space would open to target 1450.
Daily:
- Ichimoku still has neutral setup, with a weak bearish T/K. This would change if price could break and close above daily Kijun Sen at 1232+. That would be a bullish trigger.
- Heikin-Ashi shows some indecision at this important 1232+ key level: haDelta and haOscillator crossed down, which indicates some minor loss of recent swing bullish momentum. This doesn't mean anything, until the indicators are above their center lines. It means only some pause before the next move.
- EWO turns positive again, MACD crossed up. These signals together with a break and close above Kijun Sen could generate a strong buy signal.
At first glance Long position has better risk/reward, but as always you have to know your risk (position sizing, entry and stop level), and be accurate on timing.