Not so rosy, but short term bears hit the wall
Daily:
- Ichimoku is neutral with some bearish bias
- Heikin-Ashi is bearish, but watch out for bullish divergence in haOscillator
- EWO is bearish
- Price reached Kumo and retested previous downtrend line. -> stronger resistance here around 1270
4H:
- Bearish Ichimoku
- Heikin-Ashi gives early signal for a possible local bottom
- Price reached resistance zone.
- EWO reached its extreme low range
Strategy: short term bullish trade with half unit to 1295-1300 target.
- Ichimoku is neutral with some bearish bias
- Heikin-Ashi is bearish, but watch out for bullish divergence in haOscillator
- EWO is bearish
- Price reached Kumo and retested previous downtrend line. -> stronger resistance here around 1270
4H:
- Bearish Ichimoku
- Heikin-Ashi gives early signal for a possible local bottom
- Price reached resistance zone.
- EWO reached its extreme low range
Strategy: short term bullish trade with half unit to 1295-1300 target.