nmike

AUDUSD weekly update (triangle auto cloning)

FX:AUDUSD   Australian Dollar/U.S. Dollar
1830 25 32
Maybe some positive pips under the Christmas tree for those longing AU             . I've drawn a triangle with the corners touching significant swing points, this becomes the reference triangle. By clicking on the clone function you automatically get a triangle clone placed above the reference triangle, you repeat by clicking the clone function on the last placed clone.
The AU             finished the week with a long lower tail candle at support with positive divergence. The daily frame is showing a bullish candle pattern and a positive diverging Fisher double bottom, so it’s likely that AU             will have a bounce up from here. The near term upside target is the base of triangle clone 1. Failure to hold current support could see AU             fall to around .86 near term.
bold call nmike :)
Reply
admin PRO
2 years ago
Merry Christmas!
Reply
nmike MOD admin
2 years ago
Same to you and to ALL.....
+1 Reply
lol. love this pattern.
Reply
Merry Christmas on you too!! :) LOL :) Thumbs up for that one :) I defiantly gonna trade this pattern :P
Especially when the RSI reaches the Christmas presents :P Hehe :)
Reply
nmike MOD
2 years ago
daily view
snapshot
+1 Reply
dojitrader
2 years ago
I LOVE IT !!!
Best Merry Christmas of The Day ----
And that, to all, a good Christmas Joy !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1
Reply
pradafx
2 years ago
Very Nice Chart. Merry Christmas
Reply
nmike MOD
2 years ago
.....bounce up still in play, holding support
+1 Reply
you must be bullish on metals as well?
Reply
nmike MOD QuantitativeExhaustion
2 years ago
snapshot
+1 Reply
nmike MOD
2 years ago
...bullish tall green candle......likely off to R2
snapshot
+1 Reply
nmike MOD
2 years ago
....clone triangle base hit
Reply
nmike MOD
2 years ago
... next high probability near term target is to the .382 Fib level
snapshot
Reply
nmike MOD
2 years ago
AU finished the week with a bullish engulfing candle.Looking at this chart I'm expecting the RSI to move up to resistance near term.Longer term it's likely AU hits the top of BB(34) but first we must clear 34 ma & trend line resisance
snapshot
+1 Reply
nmike MOD
2 years ago
....AU is finding support at 34ma and at mid channel support
snapshot
Reply
nmike MOD
2 years ago
.....AU currently at triangle corner resistance,if we break here AU's next target likely to be around the .94 level........(cloning should be used along whit other traditional methods)
snapshot

+1 Reply
nmike MOD
2 years ago
interesting how price is ranging between 2 CLONE triangle bases, let's see which way it breaks
+1 Reply
Need to find another Tree pattern for holiday sakes!
Reply
nmike MOD QuantitativeExhaustion
2 years ago
....ok....another AU xmas tree coming soon.....
+1 Reply
Sam0101 nmike
2 years ago
Hi mike can u update us the latest Xmas tree? thanks
Reply
nmike MOD Sam0101
2 years ago
....cannot use auto cloning at this time,auto cloning can only be drawn going from bottom to top, so instead I placed the 2 triangle clones with the apex touching a pivot low, likely I will publish this with more details
snapshot
+1 Reply
FXKOPPA nmike
a year ago
Hej , can you give any update on this pair , thanks
+1 Reply
nmike MOD FXKOPPA
a year ago
short term channel up & broken trend line, likely to top of channel and or 34ma near term, if rises above channel next target is at bottom of Clone A
snapshot
Reply
FXKOPPA nmike
a year ago
Thanx , Great
+1 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