Established a short position in AUDUSD few periods ago when it traded below the ichimoku cloud. Price action since then has been drifted downwards.
Technical Analysis (Ichimoku Kinko Hyo)
Tenkan sen is just below the kijun sen, both heading southward going to break the ichimoku cloud lo. Chikou span had cut below the ichimoku cloud lo for quite some periods. The forward cloud is thick and turning bearish.
Trading Strategy (Ichimoku Trading)
Depending how the price action in the next few periods, these is not much trading opportunity. Any increase interest in the audusd activities will probably see saw the price action. Watch out.
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