- Ichimoku setup and EWO is bearish
- Heikin-Ashi signals were/are obvious: we have a local bottom. For few days it will likely tick higher. -> see ellipses
- 163,50-163,90 is bearish support zone, this should block buyers... unless there will be a real global panic and risk off. I say it to emphasize we do not trade (sell in this case) something, just because it is at a possible support or a resistance! We only sell if we see a new high probability local top / sell signal at the supp/res level!
(A good example for this is EURCAD, which simply washed through the Kumo twice (once down, now back up) within one month!)
- Heikin-Ashi signals were/are obvious: we have a local bottom. For few days it will likely tick higher. -> see ellipses
- 163,50-163,90 is bearish support zone, this should block buyers... unless there will be a real global panic and risk off. I say it to emphasize we do not trade (sell in this case) something, just because it is at a possible support or a resistance! We only sell if we see a new high probability local top / sell signal at the supp/res level!
(A good example for this is EURCAD, which simply washed through the Kumo twice (once down, now back up) within one month!)
