EURPLN - Profit takers may step in at 4,00 psichological level
Weekly:
- Ichimoku setup is extremely bearish, but Price looks a bit oversold given it has moved a lot away from Kumo and Kijun (equilibrium levels)
- Heikin Ashi is bearish, but haDelta/SMA3 turning up again from extremely low print
- In case of a correction maximum retracement tgt is ard 0,236 Fibonacci level + previous horizontal resistance (now bearish support) at 4,09
Daily:
- Ichimoku setup is strategic bearish
- Heikin Ashi gives early signal for a possible short covering and pull back. Doji candle + haDelta is further up above SMA3
- Price may retest Kijun Sen +/-, ard 4,07-4,08
Cover shorts and maybe enter 0,5 unit counter swing long, with tight stop below 3,99.
- Ichimoku setup is extremely bearish, but Price looks a bit oversold given it has moved a lot away from Kumo and Kijun (equilibrium levels)
- Heikin Ashi is bearish, but haDelta/SMA3 turning up again from extremely low print
- In case of a correction maximum retracement tgt is ard 0,236 Fibonacci level + previous horizontal resistance (now bearish support) at 4,09
Daily:
- Ichimoku setup is strategic bearish
- Heikin Ashi gives early signal for a possible short covering and pull back. Doji candle + haDelta is further up above SMA3
- Price may retest Kijun Sen +/-, ard 4,07-4,08
Cover shorts and maybe enter 0,5 unit counter swing long, with tight stop below 3,99.