Price action is really starting to prove itself now on the back of my recent US Dollar analysis. I believe that the Aussie dollar will advance at a very significant pace during this move compared to other currencies. The plan for this trade will be purely for Wave 3 price action. The target will be the 2.618 extension of Wave 1 which is around 1.15. It's...
I was wrong about the count, but I could still be right about the trade. My stop has not moved from the lows, and I still expect a move higher. I never let a bad count get in the way of profits, besides this trade could last a while if it works out. We still need to see a break of 69 cents for the proper confirmation to occur. Keeping it simple from here on...
One may assume that these patterns unfolding are just a bunch of zig-zags on the chart and nothing more. According to AriasWave these are not zig-zags and in this video I explain why. Zig-zag patterns from in a particular way which is not what is happening here. What we have been seeing here is corrections expanding making them look like zig-zags. This is the...
As the Aussie dollar continues to prove itself within the patterns, we should now anticipate a third-of-a-third wave. All of the 1-2 subdivisions appear to be in place for us to see the expected move higher. We just need to see a couple of levels surpassed before we have full confirmation. Through this time, we also need to see price move up in a very strong...
This video is a recap of the long trade setup that I alluded to a few days ago. So far price action at the small degree points to higher prices over the coming week and beyond. I will begin to focus on potential targets as we get confirmation with a strong break of .69 cents. My stop at this point remains at .66283 until we get that confirmation and then it can...
$AUD - 2023 🐂 Happy New Year! May this year ahead of yours be full of trading opportunities and most importantly great health. $AUDUSD - C&H (Cup & Handle pattern) If this carries on playing out we have great zones we can take opportunities on. Watch out for 2023 I am bearish the dollar and bullish all commodity FX pairs! However, don't forget about your...
Here is an updated chart from yesterday that clearly shows a C-D-E pattern with an impulsive break of the start of Wave E. Anyone can label a chart, but I think it's good to label a Wave ii (for example) once there is this type of confirmation. From here it is expected that an impulsive move continues to push higher and higher. If this is a third wave, then it...
In this video I reintroduce Aussie dollar analysis in preparation for what is a resumption of the long-term downtrend. This is another example of how all FIAT currencies are losing value against the US Dollar. It doesn't mean that the US Dollar isn't losing value, it just means that relative to other FIAT currencies, it is the strongest during this period. The...
after rally 6 weeks and now breakdown consolidation channel, now AU trying to find the support zone based on Fibbo retracement (0.382 or 0.50). beside that, there is bearish divergence too at 4H TF which indicates that the price will start a correction. maybe until EOM price still consolidation at range 0.6723 - 0.6675.
Price has sold off so much, I think I see a trade opportunity to catch the retracement, "reversion to mean". I lay it all out in the video, thank you, and trade safely. 1% Risk 2:1 Risk/Reward
This was also very experimental, not a trade I took. Just a forecast I had and a trade Idea I place. The price had rejected at the blue square quite a few times and this rejection was usually instant or very impulsive. So I would have placed a buy limit (because price was lower than the entry point I would've had). It triggering and further pushing down, recons...
The Aussie fell to below the 0.6300 target zone yesterday (marked by last week's VPOC - or volume point of control) With the RBA's quarterly MPS (monetary policy statement) and retail sales released at today at 11:30 AEDT, perhaps upgraded inflation forecasts can give the Aussie a bump higher. But whilst prices remain beneath the monthly pivot point, such bounces...
AUDUSD - Intraday - We look to Sell at 0.6400 (stop at 0.6450) We are trading at oversold extremes. A Doji-style candle has been posted from the base. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. The 200-period moving average should provide resistance at 0.6410. We, therefore, prefer...
Audusd - Daily - Bullish reversal is here.. expecting a strong rally upto 0.68 which is a major monthly supply zone
Trade Idea: Buying AUDUSD Reasoning: AUDUSD forming a short term bottom? Entry Level: 0.6535 Take Profit Level: 0.6651 Stop Loss: 0.6484 Risk/Reward: 2.25:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical...
In this update we review the recent price action in the AUDUSD and identify the next high probability trading pattern and price objectives to target
amazing setup here confirmation on the 1hr as well ,rejection off this bearish ob and a lower high was created meaning we should see some trend continuation to the down side
The yellow circles represent major turning points. After blasting thru the July lows this market has really punished the longs. We finally may have a correction. We still have some shorter term resistances to confirm, but assuming we continue up, we will run into resistance at the previous lows. Very simple longer term view