Happy New Month. AUDUSD SUMMARY & PREDICTION
Good morning I hope you all are having a wonderful life as it Is our birthright.
I want to let us know that for the past 730 Hours AUDUSD has moved................. Zero PIPS.
Yes, we are right back where we started and I'm really optimistic about what's in store for us this month.
Last month began with sellers dominating and I wonder If we'll get that this coming week.
Will the seller win or has there been a shift in the market? Please take your time to think about this.
We are not in a hurry to trade, we may not be the most active but we are the most profitable. Make this your mantra, Thanks.
Do we know what channels are? If you don't please send me a message and I'll explain.
I believe that in moments of indecision the market takes a side movement. It could be an upwards channel or a downwards channel or a simple range moving to the side. Like, the whole of last month was just a move to the side, lol. If you look at the chart you will see WHITE horizontal lines, indicating support and resistance ZONES. If you take another look you will see that the price moved above a downwards trend line Indicating THE POSSIBILITY of a change in trend. WE WERE SELLING, NOW WE SHOULD BE BUYING. Message me If you have any misunderstandings.
Let's go the Economics :
AUD has had a positive RBA Interest Rate Decision, Positive Trade Balance, Negative Employment Change, Positive GDP just two days ago, and a Positive Trade balance as of yesterday.
USD has a positive Jobs Data, A negative ADP Nonfarm Employment Change (Apr), positive PMI"s, an Increase in the Interest rate, Negative Jobless claims, positive Nonfarm Payrolls (Apr), mixed CPI news, and a negative Jobless claim that turned the market in favor of AUD mid last month.
All these happened and guess what.
There was no significant move in the market.
We want to capture a big move and we think it's happening soon.
If you check out my previous posts, I have THREE before this. You'll have a clearer understanding of what's coming next.
Our Forecast
We are still bullish on
AUDUSD
We don't expect the big move to happen Immediately but It'll happen soon.
Every swing low should be an Indication to BUY if you are SCALPING/DAY TRADING, not the other way around. Once there is a change in market sentiment we will know AND Obey.
Our Method this coming week will be to buy 15min fractals till the next fractal. If you don't understand what fractals are, send me a message, and I'll explain.
You can as well like this post and follow this page and I'll keep you updated with AUDUSD Setups this coming week.
Have a lovely weekend. CHEERS.
I want to let us know that for the past 730 Hours AUDUSD has moved................. Zero PIPS.
Yes, we are right back where we started and I'm really optimistic about what's in store for us this month.
Last month began with sellers dominating and I wonder If we'll get that this coming week.
Will the seller win or has there been a shift in the market? Please take your time to think about this.
We are not in a hurry to trade, we may not be the most active but we are the most profitable. Make this your mantra, Thanks.
Do we know what channels are? If you don't please send me a message and I'll explain.
I believe that in moments of indecision the market takes a side movement. It could be an upwards channel or a downwards channel or a simple range moving to the side. Like, the whole of last month was just a move to the side, lol. If you look at the chart you will see WHITE horizontal lines, indicating support and resistance ZONES. If you take another look you will see that the price moved above a downwards trend line Indicating THE POSSIBILITY of a change in trend. WE WERE SELLING, NOW WE SHOULD BE BUYING. Message me If you have any misunderstandings.
Let's go the Economics :
AUD has had a positive RBA Interest Rate Decision, Positive Trade Balance, Negative Employment Change, Positive GDP just two days ago, and a Positive Trade balance as of yesterday.
USD has a positive Jobs Data, A negative ADP Nonfarm Employment Change (Apr), positive PMI"s, an Increase in the Interest rate, Negative Jobless claims, positive Nonfarm Payrolls (Apr), mixed CPI news, and a negative Jobless claim that turned the market in favor of AUD mid last month.
All these happened and guess what.
There was no significant move in the market.
We want to capture a big move and we think it's happening soon.
If you check out my previous posts, I have THREE before this. You'll have a clearer understanding of what's coming next.
Our Forecast
We are still bullish on
AUDUSD
We don't expect the big move to happen Immediately but It'll happen soon.
Every swing low should be an Indication to BUY if you are SCALPING/DAY TRADING, not the other way around. Once there is a change in market sentiment we will know AND Obey.
Our Method this coming week will be to buy 15min fractals till the next fractal. If you don't understand what fractals are, send me a message, and I'll explain.
You can as well like this post and follow this page and I'll keep you updated with AUDUSD Setups this coming week.
Have a lovely weekend. CHEERS.
