EURHUF - From now, short has a better risk reward
But at least it is really time to take profit on longs as I already suggested in my previous posts.
Weekly:
- Ichimoku setup is neutral. Price action slowed down at weekly Kumo and Kijun Sen.
- Heikin Ashi signals possible end of bullish wave: long wicked doji candle, haDelta/SMA3 turning down (still above zero line)
- lower supp/res area is 305-307. Below that it will cause a headache again to NBH (National Bank of Hungary), which still would ike to see a slowly weakening HUF.
Daily:
- Ichimoku setup started to lose its strong bullish bias. A close below Kijun Sen would indicate more selling, and in that case price will likely enter the neutral zone in the Kumo.
- Does anybody remember the "CRAWLING PEG" in Hungary? Well, the price action in last two months looked exactly like that, but now the short term bullish trend channel is broken, and we arrived to the pull back phase. EURHUF is targetting the daily Kumo again. I think there is good chance to revisit 305 +/- area.
Heikin Ashi signal is bearish, more confirmation comes below Kijun Sen.
4H:
- Bearish Ichimoku and bearish Heikin Ashi setup with lower low print after horizontal break.
- Sell any pull backs around or above 310.
Weekly:
- Ichimoku setup is neutral. Price action slowed down at weekly Kumo and Kijun Sen.
- Heikin Ashi signals possible end of bullish wave: long wicked doji candle, haDelta/SMA3 turning down (still above zero line)
- lower supp/res area is 305-307. Below that it will cause a headache again to NBH (National Bank of Hungary), which still would ike to see a slowly weakening HUF.
Daily:
- Ichimoku setup started to lose its strong bullish bias. A close below Kijun Sen would indicate more selling, and in that case price will likely enter the neutral zone in the Kumo.
- Does anybody remember the "CRAWLING PEG" in Hungary? Well, the price action in last two months looked exactly like that, but now the short term bullish trend channel is broken, and we arrived to the pull back phase. EURHUF is targetting the daily Kumo again. I think there is good chance to revisit 305 +/- area.
Heikin Ashi signal is bearish, more confirmation comes below Kijun Sen.
4H:
- Bearish Ichimoku and bearish Heikin Ashi setup with lower low print after horizontal break.
- Sell any pull backs around or above 310.
