Bias is bearish, but we need price confirmation instead of noise
Weekly:
- Ichimoku is absolutely neutral. In fact this market has not been trending since March/2016 ! Range 1,05+ / 1,14+
For a real bearish confirmation Price should finally break and close below Kumo and 1,10 key level.
Bulls can hope only above 1,1203 (Kijun Sen).
- Heikin-Ashi signal has been bearish, but we defenatley need some momentum gain this week, or else it will fade. his means we need a longer bearish candle and haDelta/SMA3 cross down below zero.
- EWO is bearish. So is MACD, but it also has to come below zero to show Bears are really in power for longer term.
Daily:
- Ichimoku is bearish until Price is below Kijun and Kumo.
- Price action is extremely chopy and we saw lot of noise even with our noise filtering Heikin-Ashi system. Today the candle is red so far and haDelta is turning lower... but you never know how it will be at the end of the day.
We have 1,10 - 1,1150 tight rane with a possible bearish flag, which gets tighteras we get closer to ECB meeting in time.
4H:
No need to attach now. You can check, but It is an absolute noise around Ichimoku cloud and 100wma (1,1100 equilibrium)
Strategy:
I hold shorts and prefer to add on spikes with 1,05 tgt in focus. Ultimate stop is above 1,1205 ! If market gets there, Bears (including me) will capitulate.
- Ichimoku is absolutely neutral. In fact this market has not been trending since March/2016 ! Range 1,05+ / 1,14+
For a real bearish confirmation Price should finally break and close below Kumo and 1,10 key level.
Bulls can hope only above 1,1203 (Kijun Sen).
- Heikin-Ashi signal has been bearish, but we defenatley need some momentum gain this week, or else it will fade. his means we need a longer bearish candle and haDelta/SMA3 cross down below zero.
- EWO is bearish. So is MACD, but it also has to come below zero to show Bears are really in power for longer term.
Daily:
- Ichimoku is bearish until Price is below Kijun and Kumo.
- Price action is extremely chopy and we saw lot of noise even with our noise filtering Heikin-Ashi system. Today the candle is red so far and haDelta is turning lower... but you never know how it will be at the end of the day.
We have 1,10 - 1,1150 tight rane with a possible bearish flag, which gets tighteras we get closer to ECB meeting in time.
4H:
No need to attach now. You can check, but It is an absolute noise around Ichimoku cloud and 100wma (1,1100 equilibrium)
Strategy:
I hold shorts and prefer to add on spikes with 1,05 tgt in focus. Ultimate stop is above 1,1205 ! If market gets there, Bears (including me) will capitulate.
