We have possible inverted head and shoulders pattern in development as indicated by price action behaviour and current structure. We have clear divergance in MACD which supports idea. Cross market analysis shows weakness of Aussie in short term. All above leads me to conclusion itis excellent opportunity for long entry. Good luck !
We have possibly butterfly pattern in development. Watch price action when reached yellow zone as we might have sell trade.
We have volatility squeeze which indicates we should have impulsive move soon. There is high probaility we have triangle pattern in development. You can try to take trade based on breakout of upper or lower trendline of traingle to one of target marked on chart. Be aware structure do not neccesarily have to be a triangle however as price narrowing range more...
Looks like we have siimple flat ABC correction and you can expect another down move breaking previous bottom.
We have possible inv head and shoulders pattern in development on daily timeframe. It would be a good idea to entry after breakout of necklinme and aim at least to targets as maked on chart.
We have possible diamond pattern in development on daily timeframe. Due to position of pattern I consider it as continuation pattern with target at previuos swing low. Good luck
We have a bullish bat pattern in development on daily time frame. It would be a good idea to buy from yellow zone with SL below and target as on chart.
You can buy from levels marked on chart. Aussie is currently in bull trend on daily timeframe and I expect continuation afer correction of smaller degree.
I expect at least one more up move to retest weekly trendline after end of correction
We have possible triangle pattern in development which I consider as continuation pattern. Wait for breakout of upper trendline to enter trade.
Looks like we have a expanding triangle or megaphone pattern in. development. At this point it can be an reversal pattern or continuation. However RSI indicator has reached extreme level and is turning down. As current up wave on weekly timeframe is already overextended I am more in favour of drop to at least target marked as on chart.
We are still in weekly downtrend I consider price action from last October as a bigger complesed sorrection in form of WXYXZ possibly. Price reache key level and it is at trendline. We have couple ogf potions now: 1 - breakout consolidation under trendline or over trendline and another impulse down. 2 - another wave up to complete 5 waves pattern in for of...
My concept is based on current DXY 0.81% structure analysis and strenth of norweigian Korone which will be driven by rising crude oil 0.43% price in medium - long term. Therefore I expect one more up before reversal.
This is another high probability trade / scenario i consider apart from ones I have already posted on this pair. That is long term trade and should take weeks / months to complete pattern. We have clear divergane in MACD. We have accumulation of long positions in range 1.02670 - 1.06000. Cross market analysis indicates aussie will be getting stronger against...
You can enter sell to targets as marked on chart after hourly correction is over,
Looks like we have a correcion of upmove in form of triangle. I think it's worth to take trade from inside as RRR is good. If triangle break to downside you should have another opportunity for buy from level as marked on chart. Good luck
We have had impulsive trendline breakout of uptrend and looks like we have a flat correction in development ABC. I think it is worth to take entry from top with SL 40 pips above as we might have good RRR. You can also wait for breakout of inner trendline and pullbac which is not guaranted,