Weekly:
- Ichimoku setup is back to neutral: Price is at Kumo cloud, forward cloud shades price ahead. Flat Tenkan and Kijun. Price spikes above Kijun (early bullish signal). Chikou Span hits past candles.
- Price is still within a larger bullish wedge formation: upper supp/res is close at 1,0980.
- Heikin-Ashi signalled possible bullish bias last week, when candle changed colour and haDelta crossed above its SMA3 line. This week we have confirmation of increasing bullish bias: haDelta/SMA is above zero line, haOscillator crossed up.
- EWO is back to zero -> neutral
- MACD -> still shows consolidation
The zone to watch for strategic reversal: 1,0922 (100WMA) - 1,0985 (upper trendline and Kumo top)
Daily:
- After retesting Kumo support, price spiked well above Kijun Sen: bullish continuation with strong momentum.
- Bullish signal from EWO and MACD.
- Heikin-Ashi is bullish, with a new higher high. Of course there can be pull backs to 1,0765 - 1,0810 supports, but watch price action and quantification tools (haDelta+ and haOscillator) there to identifiy buy signals!
You don't want to be short of this at all! What you wanna do is buying dips!
What else? You want to short German bonds, mainly BOBL!
- Ichimoku setup is back to neutral: Price is at Kumo cloud, forward cloud shades price ahead. Flat Tenkan and Kijun. Price spikes above Kijun (early bullish signal). Chikou Span hits past candles.
- Price is still within a larger bullish wedge formation: upper supp/res is close at 1,0980.
- Heikin-Ashi signalled possible bullish bias last week, when candle changed colour and haDelta crossed above its SMA3 line. This week we have confirmation of increasing bullish bias: haDelta/SMA is above zero line, haOscillator crossed up.
- EWO is back to zero -> neutral
- MACD -> still shows consolidation
The zone to watch for strategic reversal: 1,0922 (100WMA) - 1,0985 (upper trendline and Kumo top)
Daily:
- After retesting Kumo support, price spiked well above Kijun Sen: bullish continuation with strong momentum.
- Bullish signal from EWO and MACD.
- Heikin-Ashi is bullish, with a new higher high. Of course there can be pull backs to 1,0765 - 1,0810 supports, but watch price action and quantification tools (haDelta+ and haOscillator) there to identifiy buy signals!
You don't want to be short of this at all! What you wanna do is buying dips!
What else? You want to short German bonds, mainly BOBL!
