My original idea was published in details on Twitter in last few days. If you followed me there, you should be already minimum half risk size long from somewhere below 45!
As I wrote yesterday, in case we have further bullish confirmation, I will size up my 1,5 unit to 3 unit full leveraged position. I think the signals are here -> marked by ellipses.
Daily:
- Heikin-Ashi gave obvious bullish signal with good momentum. haDelta/SMA3 had some shake yesterday, but finally the indicator popped higher above zero. haOscillator is above zero too.
- Kijun Sen turns up. This is not due to last few days price action, as Kijun measures past 26 days average. So the spike in Kijun comes with past candles' lows falling out. Anyway, this is a bullish-like indication, as also Tenkan is likely to turn up soon, and then both lines may get back above the spot Kumo.
- EWO turns shy bullish
4H:
- Ichimoku is turning bullish above Kumo cloud. pull backs will likely be bought. Futher Ichimoku confirmation would be Chikou/past Kumo cross (approximately from price above 47,50), and Tenkan+Kijun cross above spot Kumo. Forward Kumo will soon deliver a bullish Senkou cross too.
- Heikin-Ashi is bullish. In pull backs we only look for BUY signals.
- EWO is bullish
If everything goes well, the next daily wave tgt is around 51-52, but as final bullish tgt I expect to reach 60 in next 3-5 months.
The stop loss: based on daily Kijun and 4H Kumo+Kijun, you can trail stops now to 44 or 44,10. We will move it up later to break even, and hopefully even higher :-)
As I wrote yesterday, in case we have further bullish confirmation, I will size up my 1,5 unit to 3 unit full leveraged position. I think the signals are here -> marked by ellipses.
Daily:
- Heikin-Ashi gave obvious bullish signal with good momentum. haDelta/SMA3 had some shake yesterday, but finally the indicator popped higher above zero. haOscillator is above zero too.
- Kijun Sen turns up. This is not due to last few days price action, as Kijun measures past 26 days average. So the spike in Kijun comes with past candles' lows falling out. Anyway, this is a bullish-like indication, as also Tenkan is likely to turn up soon, and then both lines may get back above the spot Kumo.
- EWO turns shy bullish
4H:
- Ichimoku is turning bullish above Kumo cloud. pull backs will likely be bought. Futher Ichimoku confirmation would be Chikou/past Kumo cross (approximately from price above 47,50), and Tenkan+Kijun cross above spot Kumo. Forward Kumo will soon deliver a bullish Senkou cross too.
- Heikin-Ashi is bullish. In pull backs we only look for BUY signals.
- EWO is bullish
If everything goes well, the next daily wave tgt is around 51-52, but as final bullish tgt I expect to reach 60 in next 3-5 months.
The stop loss: based on daily Kijun and 4H Kumo+Kijun, you can trail stops now to 44 or 44,10. We will move it up later to break even, and hopefully even higher :-)
