Price is bouncing off the Kumo a bit, but this is the first time in a long time the MA has turned short.
As with all Kumo bounces, this could reverse long or just be a breather.
Hence the watching closely.
If it breaks, it should make a good drop.
As for getting to the daily support, that's a bit long term for me but will have to wait and see.
Been a long time since I've published - just to busy of late; however, I will try to publish more as time goes on.
OK, let's get to it.
Price is above Tenken & Kijun, and everything is above the cloud, and there is also a Kumo twist to the upside.
There is a nice string of fractal resistance just waiting to be broken.
I have an alarm set at 112.523 IF price...
The cloud edge is thin, the %R is just popping the 50 line, and price is above the 100SMA. Price is acting like it wants to go long, but that potential t/k cross to the bear side has me a bit concerned. If you trade this, watch it carefully.
My thought is AU long; however, I am running a very tight SL (small account & can't risk too much).
For now price is above the cloud, tenken is above kijun, kijun is running a little flat but since it lags a bit I'm giving it more time, and chikou is in open space, and future cloud looks a little flat but still to the upside.
Interest rates get decided today so...
Price is up, tenkan is up, kijun is up, chickou is clear of price, DM+ is up, but....the overall trend is down; longing it for now, but black line is resistance marker and potential pullback at the cloud's edge. Monitor closely if price gets near the edge.
Running this one a little tight. Waited for the pull back to break or bounce off of set support and it bounced. Yellow box on recent resistance is first marker for profit & watch to see a break or collapse. I'd like to see kijun move up instead of the flat line it is right now, hence this one will require some monitoring for a bit. All in all, price may yet drop...
I have my doubts about this, but nothing ventured nothing gained; AJ has cleared the cloud to the up side after a heavy drop, but what made me decide a long attempt was Rob Booker's Knoxville Divergence. I've never really given it a full try, and decided to finally do it today. The red line of divergence was in a good area, and the reversal tab activated - I...
Price has moved too far from Kijun, and currency is too far out of equilibrium. Waiting for price to close below tenken (green line). Watching this closely; as long as kijun doesn't rise to the occasion (blue line) this has potential. A scalp here will require close monitoring.
Last time I published everything was going great, but then the unannounced JPY BOJ rate change took place, and that just ruined my entire day - I'm seriously hoping for better this time around.
Reasons I think NU is southbound; the chart shown is 60 minutes, but the daily, weekly, & monthly are also all in the red and heading south. Chickou span is clear of...
UJ has been in a nice uptrend for some time; although this is a weak bearish t/k crossover, price is slowly returning. I'm looking to take profit to the cloud, reset the SL, and watch for the breakthrough or rejection.
* Update on UJ; the trade was working out exactly as predicted and it was up 22 pips from posting...until...the Japanese made an unannounced BOJ...
This is my first published idea.
When I first looked at this I saw Kijun heading straight up and thought to myself, OK, let's go long, but Kijun is also a lagging indicator. Seeing a kumo twist in the future, and after plotting what I believe to be multiple resistance/support levels, it looks to me like there might be some more long action, but I don't think it...