Good evening all.
As we near the completion of another fiscal year for the Australian Dollar, it is time to take a look at the Macro PA.
Here we have a clear dip and push to the upside, signaling to me a further rise in price as we push into summertime. 0.75000 is my next HTF target for the pari before a potential dump into 0.60000 and potentially lower if we are...
As we have seen heavy bearish momentum coming into the 1.3300 area, price is now creating what looks to be a correction for potential shorts going into the next trading session. However, we may continue this upside momentum and push through to the upside... depending upon Macros and how price reacts around these key areas we are likely to see some quality setups...
Here we have a clear Head & Shoulders pattern at a Key Area. Price has broke out of the neckline and has now formed a Bear Flag. We have rejected further upside with another Head & Shoulders pattern visible on the LTF's. I now have enough confluences to take this short into 132.64 which is a key area where price previously broke out of in the form of a Large Bull...
Ascending Channel completed. Price is now looking to move to the downside. Will be interesting to see how soon we get the push lower if we are to get it at all. Cheers!
This pair is showing me that we are picking up new trades within the two highlighted regions here. I will be looking out for price to make its way back into the upper blue area before we make yet another move to the downside. Let's see what plays out and how we can capitalize on any clear trade setups here. Thanks for tuning in.
We are now gathering order upon breaking a Large Double top area. I am getting in short here as we have now created a H&S type pattern within this Ascending Structure. This may be a shorter term play before we move even higher, or, it may be the trade that drops completely. Let's see how this plays out.
As we say goodnight to this beautiful day, the charts of EUR/NZD are signaling shorts. We may spike up a bit higher before the drop... however I am going to bed now and thus am placing my trade now. Stay healthy, stay blessed.
HTF's are suggesting continued momentum to the upside. Let's see how the market will play out these next few days to see if we can get that push to the upside. Stay patient.
Higher time frames suggest continued momentum to the downside, especially on the weekly. Diving into the LTF's we can see price just trickling its way up. I will be seeking short setups coming into this next trading session with targets of 1.8500 and 1.8200.
We are currently developing a 2nd correction within this bear run. There is a H&S formation forming within this correction that is telling me we may have some impulsive moves to come within the next day or two. TARGET is 1.1180 where we will then see what the market shapes up for us at that point. NOTE: I am keeping in mind that we may see a third touch of this...
