Heiken Ashi – the bar trend detector indicator.
Daily chart without Heiken Ashi
Shows a down bar, and we are confused if its a retracement or a reversal.
Daily chart with Heiken Ashi
Its more clear that its still uptrend. Bars are still in blue, despite down days.
Today should be a bullish day!!!
seems downtrend today. But we are bullish, and thus will look for rebound to long, instead of short.
We look towards a MACD long signal today. Perhaps at day time, or during market hr. But its the most likely setup.
Long @ 2630
That will be the setup for the day.