This is my favourite cross and only cross I follow consistently:
Lets take a look at bigger picture:
Monthly:
Prices had multi month rally from head and shoulder break. We are currently at support zone. Ha osc and stoch are coming from overbought region . Prices are out of cloud but are below Tenkan/Kijun now. It is neutral picture for now on monthly
Weekly:Coming at big supp here. 100 wma plus cloud base support. Take a look at Stoch as it is oversold now and HA osc already showing bullish divergence. I am expecting some kind of bounce from here to 2.2280.Chikou is below price now and we have weak cross of Tenkan/Kijun but this is not the best place to short.
Daily:Bearish overall picture..RSI and stoch oversold and bullish divergence again on HA osc. Daily doji might be in works. If you are short, you can take profit here.
I will be looking for counter longs here on 4H if PA qualifies my buying criteria.
Lets take a look at bigger picture:
Monthly:
Prices had multi month rally from head and shoulder break. We are currently at support zone. Ha osc and stoch are coming from overbought region . Prices are out of cloud but are below Tenkan/Kijun now. It is neutral picture for now on monthly
Weekly:Coming at big supp here. 100 wma plus cloud base support. Take a look at Stoch as it is oversold now and HA osc already showing bullish divergence. I am expecting some kind of bounce from here to 2.2280.Chikou is below price now and we have weak cross of Tenkan/Kijun but this is not the best place to short.
Daily:Bearish overall picture..RSI and stoch oversold and bullish divergence again on HA osc. Daily doji might be in works. If you are short, you can take profit here.
I will be looking for counter longs here on 4H if PA qualifies my buying criteria.