Kumowizard
Short

AUDUSD - Short term bearish

FX:AUDUSD   Australian Dollar/U.S. Dollar
272 3 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!
I think on day the first target for bearish will be 0.8892
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Hi Kumo, i agreed but it seems theres a little bounce off when it reached 0.894. It seems reluctant to go down any further than the 0.89
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Yes there's a horizontal support on 4Hrs as well. In Ichimoku terms the trend can get momentum with the decisive break of prev. support, in this case 0,8940. But as long as on 4 Hrs timefram px is trading below the Kumo, there's still chance for bearish acceleration, so I hold some shorts. If px breaks through 0,8940 I might add to the position. Above 0,9040 the sell setup would be invalid.
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