EURAUD is currently BULLISH but this is a weak one because we are trading on a EMA score of 2 which signals reversal so now we are positioning for a SHORT.
(Reason - D1 is currently exhausted and needs correction, possible DIV if HH happens and of course the EMA SCORE)
// #1 ENTRY (Risk Entry, Good Reward) // -: Even if we are looking for SHORT here, I believe...
AUDUSD is currently correcting within a BULLISH TREND so we are looking at a continuation around the LB . (Reason -Structure, H4 & D1 Bullish , SUITE B, Ema Cloud)
// #1 ENTRY (Risk Entry, Good Reward) // -: Wait for DXY for reach UB then we will be ready to attack this USD pair around the PREV LOW/ LB.
Also, IF AU will do this, we need to add EURAUD to the...
// THE DIRECTION //
EURAUD, we are looking at a SHORT-TERM SELL OFF (Correction) on this pair. (Reason -D1 div leg anticipatio, FIB, SUITE B H4 is ready for a bearish leg )
// #1 ENTRY // -: Wait for the DIV leg to show up around UB (Upper Band) on D1 then smash a SHORT.
// #2 Entry // -: Wait for the DIV leg to happen and then rejects back down fixing below...
Based on my analysis on a higher timeframe, the monthly timeframe to be precise. Overall, we are in an expanding correction and price as being respecting since market went into a correction phase. Last week, we saw price drop of about 5.04% and we probably had a rough week because was NFP week. Right now, we are in the last fifth wave of micro wave C ending the...
The hole of last week price surged upward due to the recent event of Russia and Ukraine crises. Price managed to reached the previous price level at 2074.00, and we saw price respect that level and made a retracement down to 1960.55 price level and at 61.8% fib level from the previous low on a daily timeframe. But due to the current event going on with the price...
We have completed the down move to the B of the ABC pattern and we are looking forward to move to the C to complete the move and then move to the weekly Liquidity zone at the bottom of the . Our C Target point fell inline with the 50% of the weekly Fib retracement. And we are looking forward to a bullish entry point and confirmation.
If you have your own...
DXY has had some really nice price action which were clear. When structure is used, one can easily identify important areas where price can react.
The next area we are looking for price to react is 94. Once we reach that level, we can reassess and see if price will go higher or not.
Will be looking to take advantage of this last push by shorting XXXUSD...
