AUDUSD Forecast : Prepare for a Strong Bullish Trend
AUDUSD now has break the Falling Wedge Pattern after completely finish the 5th Wave of Elliot Wave , like I publish before...
Start today on New Moon 5 November 2021, and will end the strong trend probably on 14 November 2021 if we calculate the date using square of nine from the history pivot , and maybe on the day between 19 November until 21 November 2021 on Full Moon that make a cluster with Sun Ingress.
Consider from Financial Astrology on planetary harmonic cycle, this week is Mercury Retrograde that will make XAUUSD on a bullish trend with probability more than 75%, and we know that AUDUSD has a positive correlation with Gold Market, because Australia has an effect to build a trend in Gold Market.
From Technical Analysis , I see that a big major Falling Wedge has been retested, and form a minor falling wedge that has been break by a bullish movement. 0.75627 can be our target price, but we must also consider that in weekly time frame, AUDUSD already break a bearish chart pattern.
Disclaimer on, no holy grail or nearly perfect set up, follow the market, do stop and reverse if it's needed. My forecast have a win rate about 81%
Follow me on Instagram @jaysen.xav
Start today on New Moon 5 November 2021, and will end the strong trend probably on 14 November 2021 if we calculate the date using square of nine from the history pivot , and maybe on the day between 19 November until 21 November 2021 on Full Moon that make a cluster with Sun Ingress.
Consider from Financial Astrology on planetary harmonic cycle, this week is Mercury Retrograde that will make XAUUSD on a bullish trend with probability more than 75%, and we know that AUDUSD has a positive correlation with Gold Market, because Australia has an effect to build a trend in Gold Market.
From Technical Analysis , I see that a big major Falling Wedge has been retested, and form a minor falling wedge that has been break by a bullish movement. 0.75627 can be our target price, but we must also consider that in weekly time frame, AUDUSD already break a bearish chart pattern.
Disclaimer on, no holy grail or nearly perfect set up, follow the market, do stop and reverse if it's needed. My forecast have a win rate about 81%
Follow me on Instagram @jaysen.xav
Trade active:
Entry Area Triggered, price has done retest to the minor falling wedge pattern after an impulsive bear candle. Target price on classic resistance (yellow line) and Stop loss below the shadow of the candle before, about 45 pips risk.
Hold till November 14th and see what happen to take another action, do averaging up if it possible but never do averaging down.
Be ready to stop and reverse, once the price hits SL
Consider that in weekly time frame, price in a bearish trend
Hold till November 14th and see what happen to take another action, do averaging up if it possible but never do averaging down.
Be ready to stop and reverse, once the price hits SL
Consider that in weekly time frame, price in a bearish trend
Trade closed: stop reached:
Done Stop Loss
Do Stop and Reverse as I told before
Minimum target on External 1.272 fibonacci level
Use the flag pattern strategy to reverse position on H4
Set SL and TP based on flag pattern
Use proper risk management, do not double the lot
Consider today is D+4 New Moon, price may continue it down movement for a while, and potentially turning point on November 14th
Do Stop and Reverse as I told before
Minimum target on External 1.272 fibonacci level
Use the flag pattern strategy to reverse position on H4
Set SL and TP based on flag pattern
Use proper risk management, do not double the lot
Consider today is D+4 New Moon, price may continue it down movement for a while, and potentially turning point on November 14th