Kumowizard

AUDUSD - Short term bearish

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
3
All indicators suggest there's bigger chance for a bearish move in next few days. Most likely it will be a Kijun pullback to ard 0,8820 - 0,8840 lvl. There we have to really pay attention for all further possibilities, and we'll have to look for either continuation or a bullish reversal signal, as A) it starts consolidating there, then pops up again forming into a possible inverted Head And Shoulders pattern later, or B) breaks the short term bullish trend line + gives confirmed bearish Kijun cross signal and dives further. Looking at current Ichimoku parameters and very low ADX and DMI, I think version "A" has a little bit bigger chance than version "B". Anyway, short term it is rather bearish, the rest we do not really have to predict now and start thinking about, until we see clear signals for a trend to start/continue. Too early preconception burns out clean perception, and makes mind's accommodation harder!

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