Careful with shorts! Momentum loss at bullish weekly trendline
Weekly:
- Ichimoku setup is bearish.
- Heikin-Ashi is bearish.
- EWO is bearish
- But Price reached major Bullish trendline which means a strong resistance for bears.
Daily:
- Ichimoku is bearish
- EWO is bearish but has some positive divergence
- Heikin-Ashi pattern shows indecision, haDelta/SMA3 is ticking higher (short term positive divergence)
Be very careful here! The bias is bearish, but current level doesn't provide very good risk/reward for shorts.
If it pulls back to 1,48-1,49, then we can examine the pair for short setup again.
- Ichimoku setup is bearish.
- Heikin-Ashi is bearish.
- EWO is bearish
- But Price reached major Bullish trendline which means a strong resistance for bears.
Daily:
- Ichimoku is bearish
- EWO is bearish but has some positive divergence
- Heikin-Ashi pattern shows indecision, haDelta/SMA3 is ticking higher (short term positive divergence)
Be very careful here! The bias is bearish, but current level doesn't provide very good risk/reward for shorts.
If it pulls back to 1,48-1,49, then we can examine the pair for short setup again.