with gold shooting up we should see some bears on Gold pushing Aud down but with still an uptrend, making a higher low.
Envisage for price breakout. Buy above : 0.70529 Sell below : 0.70319
Suspecting another move to the downside for this pair. Many confluences here: -Lower swing high with tweezer top characteristics. -61.8% fib pull-back. -Counter trend line break. -Current daily candle engulfing 4 previous days of price action
Expect for Price Breakout. Buy above : 0.70870 Sell below : 0.70700
Hoping for Price Breakouts Buy above : 0.70700 Sell below : 0.70529
Hope for a price breakout . Buy above : 0.70529 Sell below : 0.70319
AUDUSD is at a significant zone as the Daily candles have just wicked on to the Monthly support line. Now a trendline does not always hold or fall on a first touch. But in support of a swift reversal, we have a possible harmonic pattern completion - a 'Bullish Deep Crab,' right around the price-contact-point of the monthly trendline support. So this presents a...
While keeping the chart info to a minimum, the 7600 support was held since March but has now been broken. Range Targets also tie in with previous key levels from 2006 and 2009! 71400 bound I think for this pair for ow.
Adding a final long at the .77 level will be holding this until December if not stopped out currently still holding to longs back from .763 and .768 I feel that I wan't to enter 1 more time though and just leave it to grow. Added with the DXY weakness and beginning of inflation for AU I believe this can be a great long term trade with the potential for big rewards...
The requirement for a gartley pattern is a 0.618 retracement of point B and 0.786 (0.7855) retracement of XA for entry point. BC projection should be either 1.272 or 1.618 which in this is 1.272 (0.7876) Previous structure is crucial
Dear traders, I will keep this analysis short, crisp and meaningful. As the title already says, everything comes to and end - and so does an Elliot Wave cycle. Cattle Drive Based on my EW analysis the AUD/USD is finished on the downside for now and will start a bullish cycle. So if you are short and waiting for it to turn round you may have not noticed that...
Bearish Bat IF bat pattern completes THEN I will I will look for RSI confirmation IF I get RSI confirmation THEN I will look for candlestick confirmation IF I get candlestick confirmation THEN I will enter the trade short @ market
Yellow levels are daily support and resistance. Red levels are h4 support and resistance. There are two possible trades here, if PA suggests when the price trades up to the red level that there are loads of sellers I would short. Otherwise if the red level breaks (which I think it might) that level is essentially useless to me as it was previously...
AUDUSD IS SETTING UP FOR A MOVE UP TO ITS YEARLY PIVOT @ 0.8600
Chart says it all Tweezer double bottom forming on AUDUSD.