- Ichimoku is neutral: everything is located in the Kumo cloud, avergaes are flat. Future bias is still more bearish (pls see forward Kumo and CHikou Span below past candles)
- Price has retraced from Kumo bottom to 101+ where we have Kijun Sen and 100wma, representing a strong support/resistance level.
- Watch Heikin-Ashi signals here: haDelta+ is flattening on the top, and haOscillator also looks like turning down from its top.
- EWO is back to neutral (still slightly below zero line)
- MACD signal: bearish consolidation.
Strategy: take next Heikin-Ashi sell signal with possible target to 98, and initial stop loss at 101,80. Risk/reward should be higher than 2:1. Size up short position below 100,15, and trail stop.
(Note: you can also watch 4H setup for entry confirmation. No short signal yet!)
- Price has retraced from Kumo bottom to 101+ where we have Kijun Sen and 100wma, representing a strong support/resistance level.
- Watch Heikin-Ashi signals here: haDelta+ is flattening on the top, and haOscillator also looks like turning down from its top.
- EWO is back to neutral (still slightly below zero line)
- MACD signal: bearish consolidation.
Strategy: take next Heikin-Ashi sell signal with possible target to 98, and initial stop loss at 101,80. Risk/reward should be higher than 2:1. Size up short position below 100,15, and trail stop.
(Note: you can also watch 4H setup for entry confirmation. No short signal yet!)
