Kumowizard

Is there an early signal for a bottom in Aussie?

FX:AUDUSD   Australian Dollar/U.S. Dollar
268 2 11
There are some early signals that at least a local bottom may have been forminf ard             0,7000 +/-

Weekly:
- Ichimoku setup is strategic bearish . Important bearish support and first possible pull back tgt             in case of a correction is at 0,7500
- Heikin Ashi is still bearish , but no further strong momentum gain
- 3-4 weeks ago Price reached the bottom of the long term bearish trend channel

Daily:
- Ichimoku setup is bearish , but supports have come lower: Kijun Sen at 0,7093, Trendline and Kumo zone between 0,71 - 0,72. A confirmed bullish daily reversal would take place above 0,72
- Please note that Price made a higher low two days ago. Heikin Ashi gave a possible exhaustion/reversal signal yesterday, confirmed by a clear bullish signal today.

Strategy: close shorts (if you have). Enter 0,25-0,50 risk unit counter long position. Size up later if bullish signal firms.
Momentum is a bit stretched on 4H time frame and Kumo is also quite thick, so I'd prefer to buy 0,25 unit now and try to buy some more ard             0,7030-0,7050 pull back if possible.

p.s.: EURAUD             short is an option too, but it is a question of your view on EURUSD             :-)
This is kind of the same on NZDUSD....it is showing a 4hr triple bottom...lately AUDUSD and NZDUSD have been running together... It dose appear that a turn might be starting to happen on both pairs....
Reply
Kumowizard PRO RobbyOliver
well NZD I do not really trade, but I checked and you are right. Probabily because AUDNZD stopped trending, trades in between 1,0930 - 1,1260
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out