Neutral ZONE clearly DIVIDED in halves

FX:AUDUSD   Australian Dollar / U.S. Dollar
246 1 1
This FX-pair which acts as a risk on/off parameter and has a almost +1 correlation with the Dow Jones Industrial Index (see a weekly chart for this correlation) just entered a neutral zone from the lower end. The last downtrend has taken the price to support at 1.0145 from where it advanced             for the last week. It seems that it ran into resistance at 1.0288 which represents half of this neutral zone. The last move (in case it comes back south) should find strong support on the 50% Level shown in bold black. Resistance once we enter the upper half of the neutral zone will be the FiboCluster as shown on this timeframe. My preferred scenario here would be a pullback to the bold black support to see how prices act there and after confirmation of this support I would place a buystop just above the 23.6% Fibo-Retracement (gray thin line). If it happens that the last high from today will be reached again I still would wait till monday morning to see if it holds up there before I enter on the long side. And finally I place a buystop above the FiboCluster. I completely reverse my thinking once the red line at 1.01457 is broken on a daily close.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out