This post is rather an observation than a trade idea.
While the trend and daily Ichimoku setup is massive bullish, I think these are tipical signals of a possible short term trend exhaustion, when one being long should think about taking partial profit:
- Daily MACD turning down
- Slow Stoch turning down
- DI+ line crosses the ADX at high level
- pin bars and kind of doji trading at long term key resistance
There is some chance to see minimum a small pull back to 9,0640, or in case EUR will be generally under pressure, then a nice counter trend as well down to 8,99 - 9,00.
No real short signals yet. Even if you think about top hunting here, watch lower (4 Hrs and 1 Hr) time frames and trade according to their signals.
While the trend and daily Ichimoku setup is massive bullish, I think these are tipical signals of a possible short term trend exhaustion, when one being long should think about taking partial profit:
- Daily MACD turning down
- Slow Stoch turning down
- DI+ line crosses the ADX at high level
- pin bars and kind of doji trading at long term key resistance
There is some chance to see minimum a small pull back to 9,0640, or in case EUR will be generally under pressure, then a nice counter trend as well down to 8,99 - 9,00.
No real short signals yet. Even if you think about top hunting here, watch lower (4 Hrs and 1 Hr) time frames and trade according to their signals.
