YR

Study of AUSAUD Part1

YR  
FX:AUDUSD   Australian Dollar/U.S. Dollar
291 1 1
The Study depend only on Price chart only as a part 1.I will place another chart explain how we can trade this Pair using Indicators. So let 's start.

At price chart we can see there H&S pattern and the target has been achieved as Shown.

for Safe trade on such pairs we have to eliminate the effect of H&S Pattern,we must place long position once the Pairs succeed to cross over the Neck line of H& S Pattern with very good Volume . This way is very safe and secure but we will loose huge profits if the move from the level we at right now. So if you insist to go long and couldn't control yourself,Just be patient enough until the Pairs cross their Down Trend line and start to buy small positions after that please keep in your mind two points.

1-Clue point which if the Pairs succeed to settle down above ,it will be good sign that Pairs could reach the Neck line once again.This point is 0.916. Ok.

2 -Second Clue Point is 0.926,Pairs on such level have good opportunity to Re-test level of 0.944(Peak).

3- Neutral what i have seen on price chart but using Indicators and oscillators showing me another thing in good way but as well in Risk one.Please wait for Part 2. GL
YR
2 years ago
Sorry The title was wrote in Wrong way,the Study for AUDUSD.Can't change the Title Above.
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