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Kumowizard
11 Th01 2016 12:47

Oversold, with positive divergences. 

British Pound/U.S. DollarFXCM

Mô tả

Weekly:
- Bearish Ichimoku / but Price is extremely far below Kijun and Senkou B (equilibrium) -> oversold
- Bearish Heikin-Ashi / but positive divergence in weekly haDelta.
- EWO is bearish, but kind of low print, while Price has reached a possible resistance ard 1,45. (Note that in heavy bear markets and falling knifes these resistances might nor work properly)

Daily:
- Ichimoku is bearish, but price far below Kumo, 100 WMA and Kijun.
- Heikin-Ashi is bearish, with still lower low and no upper wick, but haDelta shows a positive divergence! Watch for Heikin-Ashi pull back signal!
- EWO is at extreme low.

It's time to watch for a swing buy, and reduce short positions (if someone has).
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PooyaSalehipour
i am in long term buy. from 1.4515
Kumowizard
what do u mean by long term buy? I have some long as well, but really tiny, as so far it is just a bottom fishing. I rather prefer opening a 52 days contract options call spread 1,4750 / 1,5050
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