The ever 4 basic signals on EURUSD Pair are there. Lagging Span, TENKAN-KIJUN Twist, KUMO Twist, the up coming +26 period of the Kumo cloud and many others such as the Kijun that has penetrated through the cloud. So to say the least, The direction appears clearly to be done, and it looks donw. Confirmed by H4. We need to see the reaction by 4PM CET Europe.
Despite the twist between Tenkan and Kijun, the lagging span didn't penetrate the price yet, and the Kumo Twist indicate still that the move in not upside yet. Therefore, if there will be a move, market is still apparently favoring the downside scenario, but we are not yet in siuation where there are clear signals in one direction or the other. The kumo twist and...
This morning 9 AM CET( central European Time) , the market went up and down and the race between bull and bear appears to end at that stage in favor of the BULL. The twist of the trend has started. In Early hours with a 1H and 2H Ichi, the signal were clear but was not confirmed at H4. Now there is a initial move on a 4H basis but it needs to be confirmed and...
Looking at the GBP vs CHF daily chart we see the close on Friday formed a doji at the Kumo support level. Prior day closed with an inverted hammer signaling possible change of direction and indecision at support. Price is in a slight uptrend with a pullback to the support level of the Kumo. Looking for the Kumo to hold support and price move upward from there....
I hate messy and overloaded charts, but this one seems too perfect. First off, we have been in an ascending triangle since February. SMA(50) and SMA(100) are meeting each other and price is also at the same place. We could see come institutional buying because of that. Price is also rebounding off of Ichimoku Cloud, another sign of confluence. We still haven't...