AYX recently started a new impulse wave and completed wave 1. Currently, in wave 2, correcting wave 1. Our target for wave 3 is 137.
The pair is moving in a large ascending wedge, looking to short on break of formation with Fib levels as potential targets. Short term it is hitting supply area @0.712, so possible to initiate first short positions there. GL!
A quick look at the index to see where prices are trading in terms of our analysis on sunday. NOTE:Truths -Traders will do the same thing over and over again. -In trading, no one to blame and no one to question what price did. -Price can break any low/High because anything can happen. If you fully allign your thinking in line with the truth about the market then...
Okay, So very interesting stuff on the AXY and their COT report. Both sides have take major steps back and the pair might not be safe to trade this comming week. Earlier this month the RBA decided to keep the interest rate at .25% and not raising the intrest rates any biasis points. so, as to why both sides have closed positions is unsual. the open interest...
This two are similar in their movement. Aussie maybe slightly stronger. NOTE:Truths -Traders will do the same thing over and over again. -In trading, no one to blame and no one to question what price did. -Price can break any low/High because anything can happen. If you fully allign your thinking in line with the truth about the market then you will win.
Ok, the Aussie currently is currently getting rejected from the major resistance level. there is no real harmonic pattern to draw so here is the COT analysis. i think the aussie might be making moves to switch sides the open interest increased by 3500 orders the Commercial Longs reduced their positions by 4500 orders while the commercial shorts increased their...
From tehnical perspective there is no doubt that the price is gonna go down
A very strong rally and finally the price is at a very strong resistance (200 daily MA at 0.89451),trend line is acting as resistance so the price must go down for a correction. I expect this kind of movement to take place i am in a short position since 0.893. The price should retest some fibonaci levels at least 0.236.