Price action stuck in a supply zone, which also corresponds Fib. high to low retracement. A break and close would signal a move to the 200-four hour EMA with a second target at .89.
If Aussie-dollar trades below, price action will likely trend to .8770, which is were price action support and moving average support meet.
Non-directional bias, would trade in...
Friends,
$AUSUSD proved to carry more bearish strength, as price moved directly to its primary target at TG-1 = 0.87038 - 24 SEP 2014, and ignored an anticipated TG-Hi interim.
However, at this point, price has returned to the upper half of its bar after hitting TG-1.
A retracement to TG-Hi remains probable, although a higher target at 0.90941 becomes a...
Friends,
Predictive/Forecasting Model indicated a probable limited retracement to:
- TG-Hi = 0.90287 - 24 SEP 2014
If and once reached, lower targets would come next per same Model, namely:
1 - TG-1 = 0.87038 - 24 SEP 2014
and
2 - TG-Lo = 0.85516 - 24 SEP 2014.
At the point, wave count remains probable at points 1 and 2. A reversal at current level...
AUDUSD has broken the multi month range to the downside, if you're not already in on the break then wait for a retest of the range bottom. Target is 0.9030
*TRADE CLOSED*
Potential Profit = 21 Pips
AUD got some weakness in the last week after negative employment rates.
Retest of last low is likely.
Enter a sell IF market hits 0.9268
Stop Loss: 0.9286
Take Profit 0.9243
The weekly chart shows bullish divergences twice on top side and once at bottom side. This is a strong force for getting into the sequel of an uptrend from 2009.
First optional target: 0.915 (risky)
And then 1.00 - 1.05
if we see on 1H TF we can see the rising wedge pattern is forming .. i suggest to put sell if price broke the channel and the SL is above the resistance line . the TP is the support.. if u are interested to join the rising wedge pattern u can go to this link to see the SL and TP and where do i place my sell order :
now we can see here there is butterfly and crab...
well in my opinion price is on the rising wedge pattern .. now price is waiting to go down before go to 953 .. why is 953 ? 953 is the point of crab pattern and butterfly finished.. if price already go to 953 i believe price could go down boom.. well look at see short term at rising wedge ..
Momentum is trending down and the market broke to the up side (momentum was against it but there was a wedge), later it broke down in harmony with momentum, momentum has been trending down. It look like AUDUSD is moving down, and there is a chance that it will move quickly in 'harmonic move' fashion. There are many ways how to play this out and some of theme can...
The high at 0.9505 overshot Around Pre Bubble chikou Span & 76.4% pullback of the 0.9758-0.8660. A close Daily/Weekly below Weekly Ts (Now @ 0.9354), if seen, would be a bearish and suggest a retest of the recent bottom of the Daily cloud and lows at 0.9203.
Friends,
The Aussie steamrolled over a potential counter-trend idea and marched on to loftier levels, which are now challenging significant technical patterns. In addition to predictive analysis and forecasting data calling for a reversal within the potential reversal zone (PRZ) range defined by technical data alone, a fundamental element is likely to come into...
