The Monthly and Weekly trends for AUDUSD are still clearly bearish. All Han Ne lines and Chiko Span are aligned in source order priority. Kumo, Senko Span B, Senko Span A, Kijun, and Tenkan Sen angles all point down. As long as the Daily or 4hr chart shows the same thing, one is safe to look down to the midterm time frames, the 1hr or 30m charts, to confirm that Ichimoku trends there are firmly down to be confident to take trades based on the 15m or 5m charts.
Private FX trader since 2010. Founder and Chief Trade Analyst.
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Private FX trader since 2010. Founder and Chief Trade Analyst.
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