Check out AUDEUR or AUDCHF, seems like topping formations in both cases. I choose these pairs since EURUSD and CHFUSD have been in range over one year. I believe that these pairs could tell us a possible direction of AUDUSD, which is down. What do you think?
Ichimoku_Trader
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I think you should attach charts ;)
xiiimik
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Seeing range in AUDCHF. Currently in resistance area. Still thinking how to trade it.
Ichimoku_Trader
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nice level...
do not take a trade before the market turns bearish
xiiimik
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If you trade it, what would be the signals for you? I am thinking of the following:
1) Sell stop below 0.74550. SL 0.755
2) Sell market with 3 ATR stop.
Could you help me?
Ichimoku_Trader
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I'll do a blue chart for you over the weekend
santoso777
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i see your drawing circle is not CS (chikou span) but SSA, is that correct?
Ichimoku_Trader
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yes
Ichimoku_Trader
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I am expecting CS to g there
santoso777
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still dont understand, why if CS go to the circle, is the price move down? and why market is confused? i think is bullish, but strong resistance in CL