Ichimoku short setup: AUDCAD
On the daily TF, there is a rejection candle off the kumo. Price is trading inside one mother bar. There is a bearish tenkan-kijun cross + chikou span below price + future kumo is bearish. However, price is still inside the cloud and both tenkan and kijun are flat. Both span A and B are flat as well. Daily analysis indicates bearish bias. H4 TF shows price basing and a C-clamp based on ATR. Entry to be taken on H4.