For a while recently the Aussie dollar has been tracking the US dollar price of oil. While the correlation is by no means permanent, we've seen both receding recently. AUD/USD's DI- has been approaching a convergence with DI+, and traders may wish to short this pair when the negative indicator crosses higher.
The Aussie has been on a torrid bull run benefiting from commodity strength and anticipation of reopening of its borders. Trading above its 200-day MA, with any Hawkish comments from Lowe and his counterpart and any improvement in Westpac CC the bulls will take control again. Techonomic Trading Strategies 90% Technical Analysis 10% Fundamental Analysis
6A is coming into a weekly LVN at .70500 but if it breaks through this level ad pushes to the next weekly LVN, I like that trade better because it has 4 Hr Supply confluence. Keep it on the Watchlist.
As always this is not Financial Advice, I am just sharing the trades I plan on taking for a few reasons, one to log my trades, 2) some accountability and...
Yep, another way to think of it is that if everyone was using limit orders (no one using market orders) the price would never move. Everyone would just be sat there on the bid (buyers) or the offer (sellers) looking at each other. It takes someone to trade at market (to buy from the offer or sell to the bid) to move the price. When you're trying to exit a position...
M6A/ AUDUSD completed the reciprocal AB=CD Pattern. Expect a reversal around the marked area and target the previous highs or a possible a new higher high.
In geometry, two such known forms are the circle and the square; however, a circle is merely a type of ellipse, so there are ellipses and squares.
Squares can be incremented and decremented, and their essential units can be found. Ellipses eccentricity can be added or removed thus creating variating arcs.
"Make It Mine" on this chart; deconstruct it; study it;...
First and forever reminder: expand into your own, continually evolve and grow.
Press share "Make it Mine" to view the full interactive chart
Note: Relationship of numbers to each other
Note: The sequence of the various shapes
Note: Geometric Angles
Note: "45" angles up and down various intersection points
In-exhaustive book list
Law of Vibration - Tony...
First and forever reminder: expand into your own, continually evolve and grow.
Note: Adjusted axis, and regular horizontal and vertical axis
Note: Arcs
Note: Geometric Angles
In-exhaustive book list
Law of Vibration - Tony Plummer
Michael Jenkins - Geometry of Stock Market Profits, Chart Reading for Professional Traders, Complete Stock Market Forecasting...
October 18th 2021
Australian Dollar Monthly Chart Bullish Bias
Looking at Current Market Price Action, on the Monthly Time Frame We can see that the Australian Dollar Futures is painting a bullish recovery over the past 2-3 Weeks.
Finding support at the 0.72000 level we can see that the price action of August and September were unable to set lower lows....
Everything will update.....
This strategy follow Volume Profile Analysis and Intermarket (Bond yield spread, Metal, ....). After we have zone for waiting buy or sell. We will enter with OrderFlow which show in NinjaTrader or another Platform......My english soooooo bad
