Important momentum divergence at multi year key level
This is a bonus chart, and a bonus trade recommendation :)
- Ichimoku is bearish. But it is way too bearish, as Price got extremely far below Kijun Sen and Kumo. Should retrace a bit towards equilibrium levels.
- Heikin-Ashi has a very interesting early signal: positive divergence in both haDelta+ and haOscillator. haOscillator is already above its central line. If you zoom in, you can see how the actual candle body shrinks.
- What's more, EWO has also reached an extreme low print. It has very low chance that market can maintain this wave momentum at this pace without one major pullback.
All this is happening at a multi year horizontal key level of 1,2480+.
Why not to buy some call spreads? -> actually I bought CADUSD futures PUT spread on the exchange, LP 0,79/ SP 0,77 strikes, 100 days (November) maturity. Paid 51 points only. Cheap for this kind of risk/reward.
- Ichimoku is bearish. But it is way too bearish, as Price got extremely far below Kijun Sen and Kumo. Should retrace a bit towards equilibrium levels.
- Heikin-Ashi has a very interesting early signal: positive divergence in both haDelta+ and haOscillator. haOscillator is already above its central line. If you zoom in, you can see how the actual candle body shrinks.
- What's more, EWO has also reached an extreme low print. It has very low chance that market can maintain this wave momentum at this pace without one major pullback.
All this is happening at a multi year horizontal key level of 1,2480+.
Why not to buy some call spreads? -> actually I bought CADUSD futures PUT spread on the exchange, LP 0,79/ SP 0,77 strikes, 100 days (November) maturity. Paid 51 points only. Cheap for this kind of risk/reward.
