AUD USD - Departure awaits Quick Series 6
G'Day traders,
Master Key for zones
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.
Monthly zones
These zones have been highlighted due to the imbalance showing a strong pivotal reversion point where price has set a psychological level of .80 to be a structural level for the USD vs AUD.
The monthly wicks also highlight a great opportunity where the imbalance is strongest within the wick zones, in the past, there are multiple levels of imbalances as highlighted clearly.
The main focus of the monthly imbalances is if price fails to create weekly higher highs and break the monthly infinity line, then the probability of Original Pattern imbalance will become reduced and the selling imbalance will take affect towards $0.60.
weekly chart - trade is activated, just awaiting the positioning of a sell (subject to confirmations using the daily Fibo structure and possible retest of said CP zone.
Notice how the falling knife pattern is still clear using the supply and demand imbalance methodology.
Price once departed the Continuation pattern from the monthly level at 0.80$, price will use the retrace zone to create a CP level between 50-70.5% Fibonacci retracement, aligned with a 'breather' which is a CP level.
Revert below to see the weekly retest structure before and after to see where price develops a level of CP and why?
Despite not 'reaching the 50% retracement, the weekly imbalance has been retested and rejected.
Looking to the daily for a confirmation, shows clearer how this has formed.
Here is the daily netting zone, where one previous retest of the immediate zone has shook out buyers, sellers who hold positions to form the CP block weekly level.
The retest of the Daily candle of interest within the CP is still maintained within the "Netting zone" where the high of the daily candle offers a chance to sell.
Selling in action upon rejection of the netting zone
Selling is confirmed now below the retest of a daily engulfing candle and rejection upon a 50% retest of said candle.
Daily Chart
A probable scenario for the Daily chart, using the daily CP level, below the two weekly imbalances of interest.
Keep in mind, the main imbalance reverts back to the Weekly 0.746 - 0.7616 where price has original created the CP.
Please note - due to the current affairs, keep track of Commodity prices, to confirm sentiment, as smaller moves also counter-act with imbalances based upon other resources.
The overall departure however, still stands from the current 0.76$ move.
Track below
XAU USD
XAGUSD
Do you enjoy the setups?
Professional analyst with 5+ years experience in the capital markets
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXII
Master Key for zones
- Red = Three Month
- Blue = Monthly
- Purple = weekly
- Scarlet - Four day
- Orange = Daily
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.
Monthly zones
These zones have been highlighted due to the imbalance showing a strong pivotal reversion point where price has set a psychological level of .80 to be a structural level for the USD vs AUD.
The monthly wicks also highlight a great opportunity where the imbalance is strongest within the wick zones, in the past, there are multiple levels of imbalances as highlighted clearly.
The main focus of the monthly imbalances is if price fails to create weekly higher highs and break the monthly infinity line, then the probability of Original Pattern imbalance will become reduced and the selling imbalance will take affect towards $0.60.
weekly chart - trade is activated, just awaiting the positioning of a sell (subject to confirmations using the daily Fibo structure and possible retest of said CP zone.
Notice how the falling knife pattern is still clear using the supply and demand imbalance methodology.
Price once departed the Continuation pattern from the monthly level at 0.80$, price will use the retrace zone to create a CP level between 50-70.5% Fibonacci retracement, aligned with a 'breather' which is a CP level.
Revert below to see the weekly retest structure before and after to see where price develops a level of CP and why?
Despite not 'reaching the 50% retracement, the weekly imbalance has been retested and rejected.
Looking to the daily for a confirmation, shows clearer how this has formed.
Here is the daily netting zone, where one previous retest of the immediate zone has shook out buyers, sellers who hold positions to form the CP block weekly level.
The retest of the Daily candle of interest within the CP is still maintained within the "Netting zone" where the high of the daily candle offers a chance to sell.
Selling in action upon rejection of the netting zone
Selling is confirmed now below the retest of a daily engulfing candle and rejection upon a 50% retest of said candle.
Daily Chart
A probable scenario for the Daily chart, using the daily CP level, below the two weekly imbalances of interest.
Keep in mind, the main imbalance reverts back to the Weekly 0.746 - 0.7616 where price has original created the CP.
Please note - due to the current affairs, keep track of Commodity prices, to confirm sentiment, as smaller moves also counter-act with imbalances based upon other resources.
The overall departure however, still stands from the current 0.76$ move.
Track below
XAU USD
XAGUSD
Do you enjoy the setups?
Professional analyst with 5+ years experience in the capital markets
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXII
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