Aurocks_AIF

Aurocks_AIF

For over a century, the global economy has been developing in well determined cycles which have been scaringly exact! It is divided into 2 parts, half of it describes a strong bullish market, while the other half represents a non-trending period with more crashes and recoveries. Interestingly, since March 2000 (which is the begin of present sideways cycle's half...

Aurocks_AIF Updated 

Chart published for the 1001 Pips Project team : Project Trade Like A PRO: Expecting a retrace from here, after which to make a higher high to complete the retrace of the wave down from 1.16 to 1.11. Once it happens, looking for a short entry in the 1.144-1.146 area for a target around 1.12.

Aurocks_AIF Updated 

Expecting a correction from here: confluence of 61,8% retracement of the uptrend since March and 1.272 extension of the last wave up from the end of April, together with the test of the uptrend line since December the 3rd and support level which has played its role previously. The target is the zone of 0.618 which is in a tough resistance area. SL means the break...

Aurocks_AIF

-Completed AB=CD (AB 48 bars, CD 44 bars, with BC at 0.618 retrace and CD 1.414 extension over AB) outside higher BB with each wave touching the trend line. -RSI hit same resistance at 70 since february, CD wave showing signs of weakness now. DMI confirms the maturity of this uptrend. EURUSD now at 0.618 and important support level. Since 3 days price has been...

Aurocks_AIF

After EURUSD had touched under the trend line on Feb. 11th which also intersected 161.8% of previous leg from December and had completed the bearish bat, price reached the support around 1.084 at 61.8% of the range from December low to the previous high around 1.137. This time it can reach another level with similar implications: touching the same trend line...

Aurocks_AIF

Techincal Analysis -Retrace between 50 and 61.8% of previous leg down -161.8% of previous wave of this correction -Bearish Butterfly completed -Bearish Divergence -Under downtrend line -Previous SR

Aurocks_AIF Updated 

Expecting maybe a last leg up on daily chart under the trend line again, where the chart will plot negative divergences after it has already managed to complete the bearish bat (by reaching the 1.618 extension of the December swing high). Other signals and important levels can be observed on this chart. Good luck, everyone!

Aurocks_AIF Updated 

After some signifigant bearish divirgence, the above chart shows several more signals of trend weakness. Uptrend officially over after a lower high on this TF will have formed.

Aurocks_AIF

Drawing a fibonacci channel with the help of the two bottoms from Srping 2015 and the top of May gives us surprisingly nice levels to watch (tried to mark with ellipses) at bigger witch trends reversed, together with its extensions after the channel broke, finding nice support on 1st of December at 1.618 channel extension, finding later support on next extension...

Aurocks_AIF Updated 

Seems like correction is over at the top of the channel with the red candle testing it and negative div on MACD. Looking forward to breaking next important support area, after 2 attempts failed (first one after finding support on 0.382 fibo level and second one when testing the bottom of the channel).

Aurocks_AIF Updated 

EURUSD pair has started showing sign of weakness on daily with each new low (MACD, RSI, CCI positive divergences), approaching the low of March, which was the lowest rate since over a decade. The long strategy here is to find entries for an anticipated correction, whether by hunting and accumulating longs on lower timeframes or wait for the confirmation next days...

Aurocks_AIF

Looking for a longer term trade here with an entry at about 1.5105 with SL under the may low of 1.509 with a first target at about 1.53. Price action is losing steam approaching the beginning of May low with positive divergence as seen on daily and especially 4h charts: Watching for the awaited break out of the bearish channel on 4h with a strong bull...

Aurocks_AIF

Looking forward to completion of this Gartley.

Aurocks_AIF

Looking to relong in this area for another leg up.

Aurocks_AIF

GBPUSD price action retesting the support created since may, approaching it with loss of momentum since 24th of September. The daily candle trading now at support after an inverted hammer. Breaking out the line drawn on the 4h chart should confirm this trading plan.