Weekly:
- Price is reaching an extremely important zone 8,35-8,38. If Price ever breaks below this zone, the long term picture would change to strategic bearish
- Ichimoku setup right now is neutral, with bearish bias.
Daily:
- Ichimoku setup is bearish, all average lines point down, Chikou Span is in open space
- Price retested 8,50-8,55 bearish support zone. Given that previously this area acted as strong resistance, now we should assume it will be a strong support.
- Heikin Ashi candle on Friday was a doji with haDelta crossing back below its SMA3. That was an early signal about the possible end of the pull back. Today HA cabdle is red, so from now we have to assume a bearish move will continue from here.
Increase your short exposure again! I did it already.
- Price is reaching an extremely important zone 8,35-8,38. If Price ever breaks below this zone, the long term picture would change to strategic bearish
- Ichimoku setup right now is neutral, with bearish bias.
Daily:
- Ichimoku setup is bearish, all average lines point down, Chikou Span is in open space
- Price retested 8,50-8,55 bearish support zone. Given that previously this area acted as strong resistance, now we should assume it will be a strong support.
- Heikin Ashi candle on Friday was a doji with haDelta crossing back below its SMA3. That was an early signal about the possible end of the pull back. Today HA cabdle is red, so from now we have to assume a bearish move will continue from here.
Increase your short exposure again! I did it already.
