Daily:
- Ichimoku setup is mixed, but rather neutral. Please note future Kumo projection is still bullish biased.
- No lower low for the second day now. Looks like the pair fails to continue down below Kumo. Second Heikin-Ashi candle with inside body -> consolidation.
4H:
- Some selling on better than expected jobs data from Canade, but Heikin-Ashi pattern shows bears are not strong enough here.
- Ichimoku setup is bearish, and still far from a bullish reversal, but looks like market will minimum pause at 1,2650, maybe even retraces later to 1,2850-1,2900
Note:
For those who want to go long, recent setupdoesn't have a high probability yet. There are only early and weak signals.
The message for now is "care your shorts", not "go all in long"!
- Ichimoku setup is mixed, but rather neutral. Please note future Kumo projection is still bullish biased.
- No lower low for the second day now. Looks like the pair fails to continue down below Kumo. Second Heikin-Ashi candle with inside body -> consolidation.
4H:
- Some selling on better than expected jobs data from Canade, but Heikin-Ashi pattern shows bears are not strong enough here.
- Ichimoku setup is bearish, and still far from a bullish reversal, but looks like market will minimum pause at 1,2650, maybe even retraces later to 1,2850-1,2900
Note:
For those who want to go long, recent setupdoesn't have a high probability yet. There are only early and weak signals.
The message for now is "care your shorts", not "go all in long"!
