TradeTheIchimoku
Short

AUD/USD to Continue Short?

FX:AUDUSD   Australian Dollar/U.S. Dollar
228 1 4
I have been short the AUD/USD             pair all week on the 4H time frame and this has been a good trade. On the daily, we have no broken through the Kumo to the south and this could potentially see a larger downward move. The smaller time frames show that prices are creeping back up (I think) to re-test this area of the Kumo (0.9321 to 0.9340 area) and trend line above. If you are not already short this pair then an entry could be achieved near the bottom edge of the kumo (with a stop just the other side) for a low risk entry. I'd suggest waiting until NFP data is out of the way. This will be invalidated if price hangs around in the Kumo and Chikou (currently on the trend line) fails to break the kumo.
MohamedFaida
2 years ago
Your future is not bearish yet, am I alright ?
Nice idea by the way.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out