A local top is likely. It is not a very good risk/reward to hold longs any more. Get out, try to buy later if it retests to 1,46 +/-
I marked warning signals with ellipses.
- Price at weekly Kumo top. Heikin-Ashi shows loss of momentum
- Price is far above Kijun both on weekly and daily time frames -> overbought condition
- Momentum weakness shown in daily Heikin-Ashi candles and in the quantification tools: haDelta+ , haOscillator
- Daily MACD shows consolidation
I marked warning signals with ellipses.
- Price at weekly Kumo top. Heikin-Ashi shows loss of momentum
- Price is far above Kijun both on weekly and daily time frames -> overbought condition
- Momentum weakness shown in daily Heikin-Ashi candles and in the quantification tools: haDelta+ , haOscillator
- Daily MACD shows consolidation