EURAUD - Correction to 1,4200+ is possible
Daily:
- Ichimoku setup is bearish, but Price started to tock higher after hit the low ard 1,3800.
- Heikin Ashi candle signals only undecision, but looking at haDelta/SMA3 (bullish cross is likely above zero line) it may extend into a larger correction towards equilibrium level ard 1,4200 - 1,4300 range. HACO has been positive for a few days.
- MACD crossed back above signal line
4H:
- Ichimoku has a neutral picture: Price, Tenkan and Kijun are all in the Kumo, Chikou Span hit candles
- DMI/ADX is neutral too (bit of bullish bias, but ADX is too low)
- Heikin Ashi setup is rather bullish short term
The correction towards 1,4200+ levels can accelerate if Price breaks above 1,3960 key level
Reduce short exposure now, try to resell at daily bearish support later.
- Ichimoku setup is bearish, but Price started to tock higher after hit the low ard 1,3800.
- Heikin Ashi candle signals only undecision, but looking at haDelta/SMA3 (bullish cross is likely above zero line) it may extend into a larger correction towards equilibrium level ard 1,4200 - 1,4300 range. HACO has been positive for a few days.
- MACD crossed back above signal line
4H:
- Ichimoku has a neutral picture: Price, Tenkan and Kijun are all in the Kumo, Chikou Span hit candles
- DMI/ADX is neutral too (bit of bullish bias, but ADX is too low)
- Heikin Ashi setup is rather bullish short term
The correction towards 1,4200+ levels can accelerate if Price breaks above 1,3960 key level
Reduce short exposure now, try to resell at daily bearish support later.
