Just publishing an idea to see how it follows the pattern, if it follows and comes back for a retest, there is a big opportunity fall down to lower price as indicated. Please do not trade this, its for me to come back next month to see how the trade played off
Welcome to this analysis about AUDGBP and its hourly timeframe perspectives. AUDGBP in the recent times has shown up with important and interesting structural movements that can convert into an increased volatility breakout when AUDGBP shows up with the right price-actions. As when looking at my chart now we can watch there how AUDGBP is rightly trading...
This is a Australian Dollar index I created. I use these to help gage currency strength when looking for a pair to trade.
"Don’t blindly follow someone, follow the market and try to hear what it is telling you." - Jaymin Shah
Aud has ben pretty short lattely but is oversold and just reached that right spot on fibo also is on rock bottom from last year.
I suggest a little 25% of normal trade market long, followed by another 50% limited buy 0.5405, and waiting another 25% stop buy a little above 0.5422 above the POC
If the price decide to pivot on POC I will take my...
This chart measures the average strength of the Australian dollar against the USD, GBP, JPY and EUR. After gaining significantly since November 2020, the Australian currency has been trading sideways against its major partners since the start of the month. Australia has benefited from a number of fundamental factors including a strong rebound from Covid, rising...