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Aus200 - Long - 4hr TFAscending triangle pattern coming to completion.
Bias is bullish.
Two ways to play it -
1) Buy now and hold, hoping it breaks out (best profit potential)
or:
2) Wait for breakout of triangle and then enter position.
Stop if price breaks the triangle to the downside.
#AUS200: Playing a Descending scallop patternDescending scallop is a pattern that can be traded long or short.
The price comes down forming a elongated rounded bottom then has a throwback. The high before the throwback (small dump) is the breakout level upwards.
The lowest point of the rounded bottom is the breakout level downwards.
So fir
Long on AUXAUD200 on the 4 hour chartI see a potential long term target of 5600 on the AUXAUD200 on the 4 hour chart.
Its broken the resistance at 5340 and above the 26 EMA which confirms the long trend.
Target: 5600 SL 5335
looking to short australia dollar shorting aux dollar. price is in a correction pattern, wave (A) and (B) already formed .
wave (C) = wave (A) *0.618% at 5911 which is also around 38.2% Fibonacci level.
AUXAUD Head and Shoulder ?!Interesting to see HAS in index lol. Are we having a daily Head and Shoulder on AUXAUD?
See all ideas
