- Again, for second time it failed to break above the major downtrend line. Kijun acted as resistance. Sharp pull back in last two days sent price back to 100 WMA and Kumo, which by now are also close to the bullish channel's lower line.
- Heikin Ashi candle body shrinked a lot today, and there was no lower low compared to 4/Sept low! haDelta is turning higher from a relatively low print. A minor double bottom around Kumo support at 1,1100 is also possible -> neckline confirmation is at 1,1366 -> if confirmed, tgt 1,1600-1,1700 area
- Ichimoku Setup is neutral, but upper Key levels are very close now:
1,1260+ BEARISH TRENDLINE and SENKOU B
1,1370+ Kijun Sen, which is above the Kumo
Actually in case of a move above 1,1370, we would have a confirmed trend break, a confirmed local double bottom pattern, and a bullish Ichimoku continuation signal.
Think about the "fundamentals" too.
- Do you think FED will cause more chaos with hiking in October? Nope, I don't think so.
- ECB's Draghi and his colleagues clearly trying to chill down expectations for more QE.
Watch for next #HeikinAshi buy signal, and don't hesitate to buy in case! Place initial stop below 1,1010.
p.s.: Sorry for less posts, but I lost one of my best friends yesterday, so I did not have too much strength to deal with markets. From tomorrow afternoon I will be off, travel to meet my High School mates this w/e and also to relax a bit.
This means I will not post here on Tradinview, but if you follow me on Twitter (@Kumowizard) there I will still do some tweets in case I find something interesting.
- Heikin Ashi candle body shrinked a lot today, and there was no lower low compared to 4/Sept low! haDelta is turning higher from a relatively low print. A minor double bottom around Kumo support at 1,1100 is also possible -> neckline confirmation is at 1,1366 -> if confirmed, tgt 1,1600-1,1700 area
- Ichimoku Setup is neutral, but upper Key levels are very close now:
1,1260+ BEARISH TRENDLINE and SENKOU B
1,1370+ Kijun Sen, which is above the Kumo
Actually in case of a move above 1,1370, we would have a confirmed trend break, a confirmed local double bottom pattern, and a bullish Ichimoku continuation signal.
Think about the "fundamentals" too.
- Do you think FED will cause more chaos with hiking in October? Nope, I don't think so.
- ECB's Draghi and his colleagues clearly trying to chill down expectations for more QE.
Watch for next #HeikinAshi buy signal, and don't hesitate to buy in case! Place initial stop below 1,1010.
p.s.: Sorry for less posts, but I lost one of my best friends yesterday, so I did not have too much strength to deal with markets. From tomorrow afternoon I will be off, travel to meet my High School mates this w/e and also to relax a bit.
This means I will not post here on Tradinview, but if you follow me on Twitter (@Kumowizard) there I will still do some tweets in case I find something interesting.
