could be a very good long opportunity or good short :)
THIS IS MY BIAS ON USD/AUD . FIRST OF ALL WE HAVE SEEN A BIG BULLISH MOVE ON THIS PAIR FOR AROUND 500 PIPS. AS HE HAVE BEEN BULLISH FOR MANY DAYS IT NECESSARY FOR PRICE TO RETRACE, WHERE WE WOULD FALL AGAIN IN THIS WEDGE. AND IF WE LOOK AT THE TRENDLINE IN THE WEDGE, WE COULD BE TAPPING THIS WITH ONE MORE 3TH BEARISH TOUCH WHAT WOULD RESULT THAT PRICE WOULD GO...
Looks like a nice bearish wedge with a nice setup at the high. It is getting a bit over extended now, so it has to make a drop very soon, within a few hours, otherwise it might break out sideways and simply move up. So when it takes too much time, i will simply close it again, since it's also against that resistance line on the left. Previous analysis:
Bearish AB=CD pattern. Zigzag scenario: 100-61.8-(38.2-0)
Fundementals: Don't think there will be a second rate cut in the coming month till july. Projections: Rate cut for RBA July/August 2019 1.25 -> 1.00 Feb/March 2020 1.00 -> 0.75 Recent news: Trump might sanction germany, brexit turmoil and trade war. Hoping for a resolved conflict from a USCHN trade war during the G20 Summit. In the past 3 years price has...
Buy long signal @1.4571 More ideas at Aiplt
USD/AUD is approaching a level of note. Price has broken and retraced from this resistance level before. Overall I think price will consolidate in this level for a bit and then choose either to head further up or reverse to the downside. Either or it is important to be ready for both. Trading Journal #4
Just looking at two potential necklines. Both probably matter. If you take away the overthrow in 2008, you get a very clean horizontal neckline that just broke, signaling recent acceleration downward in AUD. This is also likely why we were muddling around recently in the current range for such a long time. The other neckline was already broken, but it based on...
So it dropped and looks like a small false breakout. Usually no way of telling upfront where it might end. But on the right we can see a possible smaller wedge, which would be an ideal false breakout low. So i am going to try a little bit here. If we cross red the level on the right, i will increase it, but only if we see a strong bounce up, confirming the false...
Looks like a nice setup here. On the left it looks like it might be making a bottom formation with this wedge. On the right we can see a possible double bottom. But it's a low time frame one, so not the most reliable. In a situation like this there are 3 options: Red: Going long now or after the small red resistance breaks. After the red breaks, i would say...
price kept on following this ascending trendline for a while while breaking a descending trendline and creating a 4hr support zone (yellow). Short term bias in bullish but long term bias is definitely bearish due to major weekly resistance zone (purple)
USD is strong as a whole. USDAUD: as mentioned in my last idea "Forex Divergence Watch: USD Pairs 20190419", Bullish Divergence (Blue) has turned out to Crazy Bought (Lime) Crazy Bought(Lime) in 1H, 85m, Bullish Run in high volatility. USDCAD: is breaking out the resistance. USD Pairs being monitored: USDAUD , USDCAD , USDCHF , USDGBP , USDJPY , USDEUR Time...
usdaud was in range of support and resistance. Price broke through and retested resistance zone. Looking for shorts from there on.