Long trade on 4H triangle break and bullish daily signal
Daily:
- Ichimoku has some bullish bias, but market lacks momentum. Price should trade above Tenkan at 1,2480 for next bullish wave signal.
- Heikin-Ashi shows consolidation, with lot of indecision. 1,2330-1,2350 seems to be a strong support.
- EWO and MACD are also neutral.
- Market may be building a bullish flag pattern. It would be confirmed only with a close above 1,2520. In that case measured target could point a lot higher above recent trading range top.
4H:
- Ichimoku is neutral: price is back to Kumo (spot price is above Kijun). Thin Kumo ahead, all averages are flat at same level.
- Heikin-Ashi price action still shows indecision. Price is stuck in a triangle, which has become extremely tight.
- haDelta crossed up, haOscillator is above center line -> relatively strong price action in last 4 hours.
Strategy:
Place a stop buy order at 1,2475. If triggered, stop loss at/below 1,2350, initial target 1,2715.
Trade size: 1 risk unit
Looking t
- Ichimoku has some bullish bias, but market lacks momentum. Price should trade above Tenkan at 1,2480 for next bullish wave signal.
- Heikin-Ashi shows consolidation, with lot of indecision. 1,2330-1,2350 seems to be a strong support.
- EWO and MACD are also neutral.
- Market may be building a bullish flag pattern. It would be confirmed only with a close above 1,2520. In that case measured target could point a lot higher above recent trading range top.
4H:
- Ichimoku is neutral: price is back to Kumo (spot price is above Kijun). Thin Kumo ahead, all averages are flat at same level.
- Heikin-Ashi price action still shows indecision. Price is stuck in a triangle, which has become extremely tight.
- haDelta crossed up, haOscillator is above center line -> relatively strong price action in last 4 hours.
Strategy:
Place a stop buy order at 1,2475. If triggered, stop loss at/below 1,2350, initial target 1,2715.
Trade size: 1 risk unit
Looking t
