Continued from previous post on the long audusd.
Technical Analysis (Ichimoku Charting)
Tenkan-sen, kijun-sen and chikou span showing respective bullish positions. Price action however has traded below the kijun-sen. Nevertheless, the ichimoku cloud has formed up and relatively thick, providing support to the current bullish trend.
Trading Strategies (Ichimoku Trading)
Long players may choose to enter position for long, with stops below the kumo cloud.
Short position is not recommended, unless for fundamental reasoning.
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