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.
AUDUSD rose during the course of the week, finding weekly support level (SpanA) @ 92.50 and rose during the session today, staying above daily cloud support area @ 93.00 It appears that we are getting ready to go higher, but will probably struggle to reach the 0.95 level in the meantime.
Hello readers! Today, I will be presenting a series of updates on the 3 FX pairs that I have been trading.
AUDUSD
Upon completing the entire corrective pattern, the pair is riding the first wave of the 5-wave pattern. That being said, we are EXTREMELY BULLISH on the aussie and you should definitely long it whenever possible. Our target profit level? Dont be...
If we see in the chart, we see bearish butterfly . confirmation pending. still need to wait for the price goes up around 0.95 then price will going down. if wee see in the indicator, we see almost crossover in MACD and ichimoku. and RSI already around 50 and will going up.
This pair is entering the 3rd corrective wave of the daily pattern. We have an estimated take profit level at 0.9152. Based on current entry price, this should return you a 200 pip profit, taking about 2-3 weeks to complete this pattern.
In AU outlook for 5 May, last friday the candle was in a exhaustion.. if we go to 4H TF we see that the last candle is the confirmation to go long.. so i predict that next week will be some bullish action from AU :)
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...
