Potential bearish Kumo breakout on EURAUD daily.
-Chikou Span below historic closes = bearish
-Tenkan Sen crossed below Kijun Sen = bearish
Indicators: RSI below 50, Stochastic in oversold territory.
Pattern: H&S.
Weekly check-list:
-Price action below the cloud in bearish territory
-Chikou Span below historic closes = bearish
-Tenkan Sen below Kijun Sen = bearish
-Last CS closed below Tenkan Sen = bearish
-Tenkan Sen crossed below Kijun Sen = bearish
Indicators: RSI below 50, Stochastic in oversold territory.
Pattern: H&S.
Weekly check-list:
-Price action below the cloud in bearish territory
-Chikou Span below historic closes = bearish
-Tenkan Sen below Kijun Sen = bearish
-Last CS closed below Tenkan Sen = bearish
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