Adding a final long at the .77 level will be holding this until December if not stopped out currently still holding to longs back from .763 and .768 I feel that I wan't to enter 1 more time though and just leave it to grow. Added with the DXY weakness and beginning of inflation for AU I believe this can be a great long term trade with the potential for big rewards...
The requirement for a gartley pattern is a 0.618 retracement of point B and 0.786 (0.7855) retracement of XA for entry point. BC projection should be either 1.272 or 1.618 which in this is 1.272 (0.7876) Previous structure is crucial
Dear traders, I will keep this analysis short, crisp and meaningful. As the title already says, everything comes to and end - and so does an Elliot Wave cycle. Cattle Drive Based on my EW analysis the AUD/USD is finished on the downside for now and will start a bullish cycle. So if you are short and waiting for it to turn round you may have not noticed that...
Bearish Bat IF bat pattern completes THEN I will I will look for RSI confirmation IF I get RSI confirmation THEN I will look for candlestick confirmation IF I get candlestick confirmation THEN I will enter the trade short @ market
Yellow levels are daily support and resistance. Red levels are h4 support and resistance. There are two possible trades here, if PA suggests when the price trades up to the red level that there are loads of sellers I would short. Otherwise if the red level breaks (which I think it might) that level is essentially useless to me as it was previously...
AUDUSD IS SETTING UP FOR A MOVE UP TO ITS YEARLY PIVOT @ 0.8600
Chart says it all Tweezer double bottom forming on AUDUSD.
Aussie's sell off seems to be running out of steam or at least taking a break. On daily chart we see a flag/triangle pattern forming. If the downtrend assumed, flag will break to the downside. It can be an excellent low risk opportunity to trade. Firm close below 0.8550 will suggest more decline. Long positions above 0.8800
This pair is showing a strong move downwards that i'm expecting to keep the same pace. I'm looking for a slight pull back to the .236 now before further downward move. this .236 can create some nice buying opportunities. I WILL POST A SMALLER TIME FRAME IN A BIT AS TO HOW I'M EXPECTING THE RETRACEMENT TO PAN-OUT.