AUDUSD: Aussie could have bottomed here...
I'm long, there's an explosive technical chart at play here, if it accelerates soon, a very sharp move will start from this juncture.
Copper is also set up to move up explosively, and I see bullish patterns in multiple currency pairs like $CADUSD and $EURUSD (which we are already long from the lows). Commodities also exhibit bullish patterns, like $NGAS, $XAGUSD, $XAUUSD, Cocoa, Cotton, Soybeans, Ethanol and a few others...Maybe the dollar weakens from here onwards?
Either way, it's a good opportunity to ride a potentially large trend with a relatively tight stop, below recent daily lows or weekly lows, or 1 ATR below -daily tf-.
Best of luck!
Ivan Labrie.
Copper is also set up to move up explosively, and I see bullish patterns in multiple currency pairs like $CADUSD and $EURUSD (which we are already long from the lows). Commodities also exhibit bullish patterns, like $NGAS, $XAGUSD, $XAUUSD, Cocoa, Cotton, Soybeans, Ethanol and a few others...Maybe the dollar weakens from here onwards?
Either way, it's a good opportunity to ride a potentially large trend with a relatively tight stop, below recent daily lows or weekly lows, or 1 ATR below -daily tf-.
Best of luck!
Ivan Labrie.
Comment:
Comment:
$AUDUSD is inches away from a huge weekly signal
s3.amazonaws.com/tra...shots/2/2J1xp5EN.png
my long is up some 38 pips from the daily explosion pattern entry
far from an RgMov reversal but, breaking above recent highs ahead of price...
s3.amazonaws.com/tra...shots/i/iZbASw6v.png
I think we have a major move in the making here...
s3.amazonaws.com/tra...shots/2/2J1xp5EN.png
my long is up some 38 pips from the daily explosion pattern entry
far from an RgMov reversal but, breaking above recent highs ahead of price...
s3.amazonaws.com/tra...shots/i/iZbASw6v.png
I think we have a major move in the making here...
