Weekly:
- Bearish Ichimoku setup
- Heikin Ashi signals some consolidation.
- Strong bearish support at 1,4000. Resistance at 1,3500
Daily:
- Ichimoku setup is bearish
- price action is in pull back (correction) phase, which may end soon. Heikin Ashi candle today is still green, but with smaller inside body compared to yesterday, haDelta/SMA3 cross down again. This is an early signal that maybe we will not see 1,3800+ retest close to Kijun Sen, and bearish trend resumption will come earlier.
- The Price pattern looks like a possible bear flag. In case of a break below 1,3600, next measured tgt comes to ard 1,29-1,30
4H:
- Ichimoku setup can remain bullish only if price makes a higher high above 1,3750, or else it will turn neutral again.
- Watch the trend channel. Within the channel we have supports at 1,3650 and 1,3565 right now, but as mentionned above a break below 1,3600 would turn the whole picture really bearish again.
- Heikin Ashi signal turns short term bearish. Question is if supports can hold against the new bearish push.
- Bearish Ichimoku setup
- Heikin Ashi signals some consolidation.
- Strong bearish support at 1,4000. Resistance at 1,3500
Daily:
- Ichimoku setup is bearish
- price action is in pull back (correction) phase, which may end soon. Heikin Ashi candle today is still green, but with smaller inside body compared to yesterday, haDelta/SMA3 cross down again. This is an early signal that maybe we will not see 1,3800+ retest close to Kijun Sen, and bearish trend resumption will come earlier.
- The Price pattern looks like a possible bear flag. In case of a break below 1,3600, next measured tgt comes to ard 1,29-1,30
4H:
- Ichimoku setup can remain bullish only if price makes a higher high above 1,3750, or else it will turn neutral again.
- Watch the trend channel. Within the channel we have supports at 1,3650 and 1,3565 right now, but as mentionned above a break below 1,3600 would turn the whole picture really bearish again.
- Heikin Ashi signal turns short term bearish. Question is if supports can hold against the new bearish push.
