Euro / U.S. DollarShort
EURUSD is bearish but may retrace
Comment:
EURUSD both Weekly and Daily timeframes show the market is downtrending.
Ichimoku Trend Analysis (KTS) on Daily timeframe:
- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles
Next Scenario:
The market has been resisted by Weekly descending trend line. However market may reverse for the next couple of days because
- Kumo is thin on a Daily timeframe
- Currently forming a Pin bar on Daily timeframe
So better to wait for a breakout of 0.9554.
EURUSD both Weekly and Daily timeframes show the market is downtrending.
Ichimoku Trend Analysis (KTS) on Daily timeframe:
- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles
Next Scenario:
The market has been resisted by Weekly descending trend line. However market may reverse for the next couple of days because
- Kumo is thin on a Daily timeframe
- Currently forming a Pin bar on Daily timeframe
So better to wait for a breakout of 0.9554.
Forex Kei
Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Forex Kei
Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.