FullTimeTrader
Long

AUDUSD-time for a rebound

FX:AUDUSD   Australian Dollar/U.S. Dollar
1211 10 18
I see many reasons to expect a rebound at this area.
Looking at monthly chart we have an AB=CD pattern and a bollinger band duplication (one of my favorite tools) near the 0.7000 level.
snapshot


On W1 chart we have a strong bullish divergence on AO, wave 5 blue circled seems to be complete also:
snapshot


Here on D1 chart:
- Wave 5 green complete
- Bullish divergence on AO
- Strong figure 0.7000

Best regards.
snapshot

Have simillar first targets
Best of luck :)
Reply
Maybe one more weekly AO divergent push for the bottom.
Reply
IvanLabrie TOP IvanLabrie
a year ago
AB=CD*1.618?
Reply
FullTimeTrader IvanLabrie
a year ago
Im expecting just some rebound, i think price has more downside potential. My main signal here is the bollinger band duplication, the rest is confirmation. Regards.
Reply
BuyBitcoins
a year ago
Another reason, the news is entirely bad at this point, typical of wave 5.
Reply
SafwatMohamed
a year ago
first, i will buy @ 0.70024 and my target is 0.71387
Reply
FullTimeTrader SafwatMohamed
a year ago
Good short term targets.
Reply
HamzaLeith
a year ago
snapshot
Reply
FullTimeTrader HamzaLeith
a year ago
Hello, i agree this pair has more downside potential. I expect some correction here and will be ready to sell again. There some valid EW counts to keep in mind, my main signal here is the bollinger band duplication on monthly chart, this is a setup a have backtested before. Regards.
Reply
HamzaLeith FullTimeTrader
a year ago
I had the same outlook on this pair like you, but as you can see the downwards momentum is really strong, You made a very nice call on the correction!, there is just no more room to the downside before a minor correction. Regards, Hamza
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out