Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines
AUD/USD: aussie testing SSB’s support
Technical levels: support – 0.7600/20, 0.7570; resistance – 0.7670, 0.7700.
1. Buy — 0.7620; SL — 0.7600; TP1 — 0.7670; TP2 — 0.7700.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of falling Tenkan-sen and Kijun-sen; the prices are entered into the Cloud and testing the support of Senkou Span B.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen
On the daily chart of USD/JPY, after the pair reached 113% target of the “Shark” there was a natural pullback.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
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