4H support building below,but entry criteria has not yet matched
We don't have a decisive break yet, that would happen only above 1,0630
But there are some short term positive signals:
- Price is above Kijun and Senkou B, and broke previous downtrend line.
- Kijun and Kumo acts as support below price: 1,0550-1,0585 zone
- Heikin-Ashi shows some bullish bias but signal is not yet confirmed. Be careful, it can get volatile later today.
- EWO is positive
Long entry criteria in line with daily chart is a close above 1,0630, initial stop at 1,0540.
If long entry is triggered, size up position after a close above 1,0660. First target would be 1,0850.
But there are some short term positive signals:
- Price is above Kijun and Senkou B, and broke previous downtrend line.
- Kijun and Kumo acts as support below price: 1,0550-1,0585 zone
- Heikin-Ashi shows some bullish bias but signal is not yet confirmed. Be careful, it can get volatile later today.
- EWO is positive
Long entry criteria in line with daily chart is a close above 1,0630, initial stop at 1,0540.
If long entry is triggered, size up position after a close above 1,0660. First target would be 1,0850.
