SteynTrade
Long

AUDUSD markup to start?

FX:AUDUSD   Australian Dollar/U.S. Dollar
I have been adjusting my view over the past weeks. My main view is that we are in an accumulation phase using the Wyckoff analysis. Sticking to this view we could have seen a back-up (BU) to the last point of support (LPS) at the resistance lines. If this holds we are now seeing the final test of supply around the area of resistance before a more substantial price mark-up. Previously, I felt there could be a harmonic pattern developing with a base at a lower level but the signs of strength (SOS) indicating support for the up move has changed my mind. I will be looking for a break of the 55 Day oscillation channel and the 21 Day oscillation channel to hold to go long.Trying to catch the the more substantial price mark-up.
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out