Kumo Break in the forecast

FX:AUDUSD   Australian Dollar/U.S. Dollar
181 4 1
There is a kumo break setup that could possibly happen in the near future.
if price can close below the cloud, I have found valid reasons for why price may
find near term support at .9200.
2 years ago
I agree - currently short on the 4H chart which is breaking through that Kumo and have similar targets in mind
tradingformoney TradeTheIchimoku
2 years ago
theres not really much movementgoing on the dailys in forex as far as large movements. The volatility just seems to be dried up. ( corrective movements).
Its even that way in the stocks right now too. Im really cautious right now because so much has already trended in the stock market.
TradeTheIchimoku tradingformoney
2 years ago
I agree, the ATR's on most charts are pitiful right now. My 4H short in AUD/USD is the only thing I'm in right now and while it's profitable, it's like watching paint dry. After the summer hopefully things will pick up
tradingformoney TradeTheIchimoku
2 years ago
The futures (es,ym nq,tf) a daily range just isn't the same anymore. The ranges for swings (4 hour ) charts are what a daily move use to be. An it seems like everyone that used to trade the es and ym are now trading the russell 2000 or the nasdaq on intraday basis. which i dont understand why.
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