AUDUSD has retraced (EXTENDED AS PREDICTED BEFORE)
to Fibonacci retracement level of 0.236 as previously surmised. i expecting the bulls to rally in within the next
10 days (my opinion)
Also Stoch RSI HAS NOW BROKE UP
See previous analysis
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Though it seems like it's now forming a double bottom in the hourly chart (and I also have bullish bias in AUD overall, especially since it has been oversold for some time now), AUDUSD already broke the 2017 low (0.70500) and if this pair breaks past 0.70468 (-38.2 fib level in the weekly chart), I'm expecting it to go down further near 2016 low at 0.68489 (-61.8...
AUDUSD has retraced to Fibonacci retracement
level of 0.382 as previously surmised. i am not
expecting the bulls to rally in within the next
10 days (my opinion)
Also Stoch RSI is going into oversold territory.
Be ready to jump in for a buy if you are not in already
See previous analysis
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1. Candle sticks shows strong rejection from structure in previous 2 days. Sellers are definitely still in that structure.
2. 2nd last bar has Close at a lower price compared to the 3rd last bar previous low.
*If we can see the structure break further down next week, we can add more short position in this higher probability trade.
*See my other chart for 4hr analysis.
The idea is to trade the break of the rising wedge. Can be both ways as the wedges can play out both as the continuation or reversal patterns. But I think that the higher risk is on the upside as the pair is trading in a down-channel since November 2017 and the retest of the downtrend line is highly likely. Furthermore, on the daily chart, we can see that STCh...
A fib drawn on the 2 month timeframe. Approaching 61.8 FIB on a FIB drawn on the Bi monthly, coinciding with a strong monthly resistance level also. Wait for price to retace to the top and look for price action reversal signals around this critical area.
Pair bottomed out with dominant bar
Pair broke up previously held resistance level
If support level holds up, it will create another explosive move
~FinancialGamblR, or at least that's what they call us retail traders
#USDCHF, long% decreased 5% in $index from from 87% to i2%, while short% increased 5% from 13% to 18%. while in CHF long% increased 3% and short% decreased 3%. price may up to 0.9940-50, even may make spike upside to catch weak holders in usd/chf.
Hello Traders.
AUDUSD short-term Elliott wave view suggests that the bounce to 0.7316 high ended blue wave (X). Down from there, blue wave (Y) remain in progress as a zigzag structure. Where initial decline to 0.7049 low ended in 5 wave’s impulse structure & also completed the black wave ((a)) lower. Also, it’s important to note that the pair is having a bearish...
Price found support at the 0.7044 level
Bearish trend line has been broken to the upside.
I don't normally trade a stop this tight but the RR is great.
AUDUSD quick analysis
Strong bearish momentum on this pair for a good period now.
Just broken out of its little consolidation zone, look for a sell to hit lower zone.
Buys should be waiting for the bears to die out around the .70000 psychological zone.
but nothing is guaranteed.
be patient. let the markets come to us and kill on a proper opportunity.
overall...
