FX.co ★ AUD/USD

Hello. Trading idea - AUDUSD. Sellers have cleared out buyers as the market passed through the Ichimoku cloud. The market rate of 0.70420 is below the Senkou Span B line at 0.71209 and the Senkou Span A line at 0.71416. The area between these lines is shaded, creating the cloud. These lines act as strong resistance. There is also a dead cross - the intersection of the Tenkan-sen line at 0.70530 and the Kijun-sen line at 0.70811. The Tenkan line is below the Kijun, signaling a sell. It is very easy to determine the market situation at a glance on the chart using the Ichimoku indicator. I make a verdict that carries a strong bearish sentiment. Selling should be considered, as the combination of both signals should result in a good downward movement. Selling from the resistance lines is excellent.