Momentum untuk minggu nie suggest price retracement; dimana price may kiss 218.xx. Semalam price close dengan possible hammer candle suggest reversal. Small timeframe sudah muncul divergence dengan reversal candle suggest short term trend reversal.. At the moment im bullish bias... and i think short is limited sehingga price make full retracement..Today daily momentum suggest channel breakouts to upward. Current bar dah kiss lower sma. Its very unlikely for price to breaks yesterday low.. So daily momentum also bullish bias..
Pre Frankfurt - London Price Preview (11.oo noon)
Current Price is 210.29.
Daily 5 sma : 210.90
1hr 100 sma : 211.30
Tokyo Pivot : 209.90
So current price is below daily sma and 1hr 100 sma but above tokyo pivot.
QQE update:
4Hr QQE is bull; above 30 and below 50. Gann Line HiLo price : 208.96
1Hr QQE is bull; above 50. Gann Line HiLo price : 211.03
So buy signal only triggered if price formed above 211.03. At the moment market still ranging.
If the price breaks 208.96 then bears is back in.
15M is bear with QQE 60 crossed down & QQE 5 crossed down and below 50.
So based on 15M startegy bull should be at 211.30 (1hr 100 sma).. If price formed above 1hr 100 sma; then 4hr and 15m startegy will line up.
My Strategy at the moment; wait for price to cross 1hr 100 sma for Bulls.
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