Last Down Wave Possible before reversal expected. Short the Breakout from Triangle Downside Target 1 : 1.03129 SL: 1.054
Expecting the breakout from the double top like structure to hold
AUDUSD Short - .786 Hourly Shooting Star - Bearish price action at the .786 retracement level 2nd wave pullback, beginning of potential 3rd wave down
Downward channel/ bull flag. There is also a posibility of upward channel paly a rolle (dotted lines) but I would love to see the price on lower trend line.
AUDUSD ready to bounce up from Fib and Past Structure. Follow of trend from beginning of year RSI suggest same. If trend is broken, then strong evidence for free-fall. GL
From my analysis (not listed here) i suppose that gold is on top for now. Because of corellation with AUD (analysis is primary the same as for gold) i was entered short AUD/USD at price 0.7540 - 3.5.2016. best day to enter was 27.4.2016 at price 0.7650. If you are trading GOLD you can enter SHORT NOW, best enter for me was 9.5.2016 at price 1275. EXIT is...
The area in the red circle represents past structure, support level which could possibly become resistance with 0.3 Fib retracement and Over-bought market. Good entry point for short. If breaks, all signs available for expectations of a new upward trend.
Australian Dollar is currently on its corrective wave. Target is toward 0.7380 (38.2% Fibonacci retracement). Watch out for the bears (long term).
I introduce you my analysis based on Elliott theory. Please comment, any response is welcomed.
ENTRY- Break of the 23.6% Fib (80.063ish) TP1 - (80.645) TP2 - wil be the .75 Fib Fan AUDJPY
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I see AUD under value keep look at 0.70355-0.71397
Hello Traders, Here I have utilized the the Wolfe Wave, Geo's Off-Set Rule, and Fib clusters. Wolfe Wave - Within the Wolfe's 1-2 and 2-3 points you must look out for an ab=cd pattern which we clearly have stated here. Points 3-4 and 4-5 are less likely to have such patterns. In fact, as a WW trader, you want the 4-5 path to be carved out as smoothly as...
Australia is the third biggest gold-digger… we mean, gold producer in the world, sailing out about $5 billion worth of the yellow treasure every year! Gold has a positive correlation with AUD/USD. When gold goes up, AUD/USD goes up. When gold goes down, AUD/USD goes down. Historically, AUD/USD has had a whopping 80% correlation to the price of gold!
AS WE SEE. NEW HIGHS ON RSI ON DOWN TREND WE WILL SEE A NEW LOW