Hello everyone. EURAUD - Market situation. The currency pair is trading at the level of 1.77742 below the Ichimoku cloud. There is a Tenkan-Sen line crossover at 1.78065, which is currently below the Kijun-Sen line at 1.78354. This crossover indicates a selling signal. Overall, the indicator is showing a very strong selling signal based on the data received. Look for a selling entry point based on this signal. I will hold the sale position until a reversal signal occurs. The reversal signal will occur when there is a break above the top of the cloud, indicating a market consolidation above, or you can take a leading signal when the Tenkan line crosses above the Kijun line. The Ichimoku cloud consists of Senkou Span B line at 1.79095 and Senkou Span A line at 1.79179, which are currently strong resistance levels. The closer the market gets to them without breaking through, the more advantageous the selling point becomes.
