Kautilya

Kautilya

Waiting on downside break of diamond pattern.. once its fills up.

Kautilya

My interpretation that AUDUSD is in downward move.. but then AUDUSD is very fickle.. and it may end up going up.. which happened to me in Past.. so .. I guess.. One has to be careful as usual.

Kautilya

thats what fib and the lateral trading range indicates. so once it pulls back closer to 1.36266 range.. I will be entering short position.

Kautilya

Potential Diamond? The breakout to up or down will determine the next move. If it breaks downward, we should see price going back to mid 500s. so far the fib levels on downside are well respected. Upward room will give some breather but then its BTC.. having its own path..

Kautilya

Megaphone Pattern.. if it rises from lower trend line to the midpoint around .90 it may give us an opportunity to sell.. and if it breaks lower trend line and fib level.. potential to touch .87. stop loss .. 91.. but in forex that would be too high and too risky.

Kautilya

My analysis.. which I do for my own trading..

Kautilya

So far 30 min chart is respecting Andrews Pitchfork.. also shows cup and handle patterns.. ( not text book pattern of course) for any upswing.. it need to break median line with strong green bar.

Kautilya

Inverse Head and Shoulder pattern. Expect a throwback to 1248 / 1250 ( which would be good entry point to short) and then resumption of downward trend.. Initial target 1179/1180 and has potential to go down further.. may be below 1000.. but lets not run ahead of ourselves :-)

Kautilya

We should see a minor sell off and then upside potential in USDJPY.

Kautilya

Not sure if this is going to form a FALLING Three bearish pattern.. one must Tighten stops @ 1200 and be careful.. Only Time will tell....

Kautilya

Dotted Level - support level bold lines -- Resistance level.

Kautilya

Dotted Line Support Zone. Bold lines - Resistance. Potential for 1132.

Kautilya

we should see Measured move to 1300 and then next to 1348.

Kautilya

Its lateral trading range and it needs to break 1.36205 to reach the initial fib 1 levels.

Kautilya

Initial - test - chart.