Disliked{quote} Summary 1:30 am here (GMT+1?)
from the daily perspective: prices crosses back the kijun sen and are now above the kumo and so is the chikou span which indicates that they still have some steam,if so =>
weekly
it will confirm a bullish and not bearish formation of a diamond
target somewhere between 0.8560 and 0.860x,in that case:
key points: 81.05 and mainly 81.62-77(neckline) are definitely some
but same formation could turn into bearish flag,in fact i think it is almost set up,so i(and...Ignored
so in both cases i would closely look at 81.62 in the midterm that is where i would start building shorts if i get signals"
I see you're quite an Ichimoku Tradorian expert !
For my part, I'm more in favor of a cyclical downturn and still looking for a resistive candle to play the bearish scenario.
However, what is not good to that scenario is that this pair may follow the Aussie which turned to broke out during the session on Tuesday and still looks ready to go much higher...well....let's wait last bunch of NZD news to take the turn.