Weekly engulfment and using the COT report there is an area where commercials and non commercial players in the market have crowded the market.
After the weekly engulfment i used a pull back to go long on the AUD futures
The weekly engulfment was caused by the US NFP report, currently waiting for the CPI report as we speak this week
Waiting for instrument to reject of the weekly zone.
Then I will look to sell from that zone.
Selling only after the break below the HMA and the retest of the liquidity/weekly rejection zone
This will most likely take a month or two to be realized
**This is just my trading thought process and does not constitute as financial advice.
**Please trade with proper risk...
after a weekly fill in the SIBI, I will be expecting a drop in Australian Dollar. I will be expecting it to go below the daily lows highlighted in the image.
With China economic news, US election news, and NFP this upcoming Friday, we have a lot of fundamental events moving the markets. We just recently broke a LH on AU. I'm looking for a projected target of 0.6600
We will plan accordingly with whatever the market shows us and stick to our trading plans
A support zone has formed between 0.6515 and 0.6550. There is a lot of potential demand in this area that could push the price higher.
According to the conditions of the chart, it is very difficult to reduce the price below the range of 0.6500, but if this happens, without a doubt, the price target of 0.6450 will be considered by the sellers, but when the price...
4 hour chart trend and momentum are down.
1 hour trend and momentum are down
15 min supply zone is hit and TrendCloud signal to go short has been produced.
If you would like to see the trade plan for the new TrendCloud System then click the link in my profile and I will send it to you.
Works like a charm :)
Chris Juliano
TrendCloud Trading
CME Australian dollar futures have pulled back to the neckline of the recent head and shoulders pattern, which presents bears with a formidable selling opportunity. Recent strength in the USD has certainly been a boon to Australian dollar futures, and with the influx of encouraging economic data in the U.S.over the past few weeks, it appears likely that...
Today we broke out of a 4 hour consolidation pattern and also broke through previous structure.
4 hour and 1 hour charts are in a downtrend.
1 hour chart has strong momentum to the downside.
And we have pulled back into a 1 hour supply zone hitting the 2nd ADR checkpoint on our TrendCloud System.
Let's see if we can hit T1 and then trail the last...
I was surprised by the strength of the USD last week, and it lead to a flawed view of the AUD market. The market was weaker than expected, and has potentially turned bearish.
Let the market unfold on Monday, and wait for clarity.
Leave a comment and I will reply directly and promptly! Thank you.
May profits be upon you.
A minor forecast on trigger levels for 6A1. So the major idea is Long, judging by D1 trend. So i showed few levels at the bottom where the price may show some reaction
Check out the video, and please leave a comment.
Do you agree with the analysis, or no?
I would like to hear from viewers!
Thank you for watching.
May profits be upon you.
in the coming news filled weeks we should start to the the dxy retreat
with the previous job numbers we are setting up for a rally filled FOMC
join me in the profit taking!!!!!!
ADX more than 30 and price above EMA20
indicate market is on trending phase
also price action that you can see on 4H chart
bullish engulfing above previous resistance
2RR use for this entry
Wyckoff accumulation schematic with volume analysis is show possibility that price will move to another zone
last move up swing price moving up with high volume + gap up that show strong demand
also by fundamental AUD is considered as commodity currency so I set RR at 4 that possible in this set up
Swing Trade Journal - 6A
MFI: Good
Algo: Good
The information and trading activities shared within this online trading journal are solely for the purpose of personal record-keeping and forward testing. It is important to note that any trades, strategies, or insights presented here are not intended as financial advice or recommendations for others to follow.
Not...
Inverted head and shoulders pattern break out and now retest neckline
If you check COT report you can see commercial that considered as biggest player in this game is on long side
Also gold price is up
AUD is considered as commodity currency have positive correlation
