amgiacov

amgiacov

Analysis of monthly time frame using correlation between the AUD/USD and USD/AUD shows a great long term SHORT opportunity. Trade at your own risk. 1. Cup formation has completed 2. Potential formation of handle 3. Formation of Double Top and break of support 4. Strong red candle trend line break 5. Closing in on horizontal correlation line. A crossover puts the...

amgiacov Updated 

Correlation chart shows potential long term short of the AUD. 1. Double Top formation and break of support line. Completion of Double Top brings price down to horizontal correlation line. 2. Strong red candle breaks trend line support 3. USD/AUD showing potential handle formation which brings price to horizontal correlation line This is a long term play that...

amgiacov

At some point this pair will need to go back into correlation.

amgiacov Updated 

Overbought on the 1H and 4H chart with this price action. Not sure what is driving this higher. This is about to go overbought on the 15M. I am already short at 1.25798 with failed bear bat pattern. Will add to short once 15M is overbought on RSI(21) with a drawn trendline break. Trade at your own risk.

amgiacov Updated 

FX: EURCAD went oversold on the RSI (strength:21) for 15m, 1h, and 4h charts. Multiple users have bullish cypher pattern. Returned to the 15m chart to draw three trend lines to wait for action to break one of the 3 trends to initiate a buy. trendline 3 was broken followed by trendline 2. Target is trendline 1 with a stop loss placed at 1.427