There are flat near trendline below. I guess strong down, and here big buyer. Try to catch it.
From sales area weak bears. need catch long - local spring long.
Huge vol in bears zone - short near this zone, if price move like test os sells.
Long term down so we are looking for a short opportunity here. Fractal momentum formed a and sholders and just crossed below the 0 line
LOOKING FOR REVERSAL BAR BETWEEN 161.8 AND 224 TO SHORT AUD
This is futures, not spot pricing. Please see the other chart (link below) for the larger view. So far this has worked perfectly. Still want to see .78 before the large short, but we may fail short of it.
Australian Dollar has reached support at 0.7. Look for buying opportunities.
After analyzing the vixfix spikes and 75% retracement levels, and their effects on price when retesting said levels, and contrasting these to the time at mode signals on this chart I concluded that the downtrend in the Australian dollar might be short lived, althought potentially very steep. I projected two targets on chart, as well as the different potential...
Analysis on chart, we had a bearish trend signal that has been consumed, price hit the target and is starting to reverse. We can attemp buying above the 0.7061 mark if trading futures, or 0.70624 if trading spot forex, with the stop loss at 0.6905 and 0.69087 respectively. Rgmov in the spot chart looks really good, forming new highs, sharply, might be an emerging...
Looking at the majors in e-mini Forex, here is a quick synopsis of potential price action - Black levels are model-based R/S level projection; Colors are TG-Hi/Lo in red and TG-Hix/Lox in purple. $EUR vs. $USD: Expected to lose ground against USD. A hard structure stands at 1.1538 to invalidate this bearish outlook. In opposite, a softer ground at 1.1267 would...