Well, from this setup it is hard to tell which direction it will go. As I wrote on Twitter before, the only thing I see here today is loss of bearish momentum at equilibrium level. So far the Kumo proved to be support/resistance.
Obviously NFP will decide tomorrow.
Technically the market is absolutely neutral:
- Price is at Kumo and Kijun
- Tenkan is still above Kijun
-* Forward Kumo still shows bullish bias
- Heikin-Ashi prints a doji candle tih haDelta and haOscillator cross up below zero = indecision
- EWO at zero = indecision, no trend
Safe stop buy could be above 1,1225, but only after NFP noise is gone! Stop sell on the on the other side for a bearish break would be reasonable around 1,1115. No trade recommended in between.
Obviously NFP will decide tomorrow.
Technically the market is absolutely neutral:
- Price is at Kumo and Kijun
- Tenkan is still above Kijun
-* Forward Kumo still shows bullish bias
- Heikin-Ashi prints a doji candle tih haDelta and haOscillator cross up below zero = indecision
- EWO at zero = indecision, no trend
Safe stop buy could be above 1,1225, but only after NFP noise is gone! Stop sell on the on the other side for a bearish break would be reasonable around 1,1115. No trade recommended in between.
