4 stages of market cycles (AUDUSD, bullish next two years)
Every one of the Forex pairs has daily, weekly and yearly cycles (some go for years). See noted chart, this one has been going last for 10 years.
You should know what stage of a market cycle your pair trading is in, so you can trade with moneymakers (Big Banks & Hedge Funds).
4 Stages Of Market Cycle are:
1) Accumulation (Support)
2) Markup (Bullish Trading)
3) Distribution (Resistance)
4) Markdown (Liquidation/Bearish Trading)
*Then cycle starts again
If you are trading Forex, you should know from Monthly timeframes down to your trading timeframes, what part of MAJOR cycles price action is in. From the noted monthly chart, for the next TWO YEARS, AUDUSD will be in a Markup (Bullish Trading) on monthly charts. Right now AUDUSD has been in a support or Accumulation stage for the last FIVE years and at a YEARLY S1 Pivot Point too. Would be looking for only bottoming patterns to take longs with at this time
Wishing you all best in life and trading.
You should know what stage of a market cycle your pair trading is in, so you can trade with moneymakers (Big Banks & Hedge Funds).
4 Stages Of Market Cycle are:
1) Accumulation (Support)
2) Markup (Bullish Trading)
3) Distribution (Resistance)
4) Markdown (Liquidation/Bearish Trading)
*Then cycle starts again
If you are trading Forex, you should know from Monthly timeframes down to your trading timeframes, what part of MAJOR cycles price action is in. From the noted monthly chart, for the next TWO YEARS, AUDUSD will be in a Markup (Bullish Trading) on monthly charts. Right now AUDUSD has been in a support or Accumulation stage for the last FIVE years and at a YEARLY S1 Pivot Point too. Would be looking for only bottoming patterns to take longs with at this time
Wishing you all best in life and trading.