AUUSD for is after Accumulation.
My potential setups you see on chart.
This is not recommendation ;) Just my view.
Usully I use 3 or 4 orders with TP1-TP4
Minimal Risk reward is 1:1 NOT LESS
Completing a bearish Crab formation. We also have a finishing wedge that has a target level of 0.9935.
Selling EUR/USD @ 1.0640.
Stop at 1.0780 (above 261.8%).
Target 0.9935 (start of the wedge).
R Ratio 5.03 (medium-term call).
For every decent move in a single currency, we need a catalyst. This week we have two for the US Dollar
Tuesday, we have the much-anticipated CPI (Consumer Price Index), inflation indicator. Exp: MoM 0.6% YoY 6.4%. This is closely followed by Fed Interest Rate decision and policy statement on Wednesday.
My tealeaves are suggesting that we move lower on Tuesday,...
Selling USDJPY @ 138.45
Stop at 139.00
Target 130.90
R Ratio 13.9
Completed Gartley
The system highlights unique levels of support and resistance combined with potential cypher patterns.
We use single currency analysis as an overlay.
Selling NZDCAD at 0.8631-40
Stop at 0.8755
Target 0.8090
R Ratio 4.35
BC leg of a Crab formation (counter trend)
The system highlights unique levels of support and resistance combined with potential cypher patterns.
We use single currency analysis as an overlay.
Using bespoke support and resistance levels and single currency baskets.
Selling the BC leg of a Crab formation.
Entry 0.6410 stop 0.6428 target 0.6358.
