AUDUSD: Buy and Long, multi-year trend change incoming.
Updated
The AUDUSD has entered into primary buy zone that I have been. Looking for.
Short term support near the 2/8th inner harmonic pivot at 0.6135. But that's not what is important. It's the Gann Analysis that is important.
Gann focused heavily on confluence zones of time - time, he said, was the reason for change. Right now, we have a massive collection of and culmination of some of the longest and most powerful cycles on the AUDUSD. And all of these cycles existed at the time of the all-time low in April 2001.
Entry levels are as follows: 6160, 6135, 6100, 6060, 60, and 5955.
Short term support near the 2/8th inner harmonic pivot at 0.6135. But that's not what is important. It's the Gann Analysis that is important.
Gann focused heavily on confluence zones of time - time, he said, was the reason for change. Right now, we have a massive collection of and culmination of some of the longest and most powerful cycles on the AUDUSD. And all of these cycles existed at the time of the all-time low in April 2001.
Entry levels are as follows: 6160, 6135, 6100, 6060, 60, and 5955.
Trade active
The following cycles that coincide with multiple weekly highs and lows, but share the same low in April 2001 are:Palas transitioning into Capricorn
Mars in Saggitarius
Mars - Ceres Cycle
Jupiter - Saturn Cycle
Uranus - Vesta Cycle
Pluto - Palas Cycle
We also have the anniversary period of major and minor swing lows on the AUDUSD weekly chart:
Late February - Early April, major lows and highs occur in this range
Not shown is the 50% range of Uranus's longitudinal line, which is where the AUDUSD is trading against, a major support line.
Utilizing Gann Numbers, we find a series of powerful cycles culminate in the middle of March as well.
3, 7, and 9 are extremely important numbers in Gann analysis. There are a series of important number 7 cycles to consider:
March 2020 is 49-months from the 2001 (30-year) lows. 49 days, weeks or months is known as a 'death cycle'. (7 x 7 months = 49 months).
From the most recent and important major swing high on January 26th, 2018, we are 777-days from that date.
Trade active
Buy Limits hit at 0.6160, 0.6135, 0.6060Trade active
Buy Limits at 0.60 and 0.5955 hit.New longs added at 0.5825
Trade active
Longs added again, full positions instead of partials at the new 17 year lows at 0.5755, 0.56 and 0.5532Trade active
Still holding all positions. Positions held from:0.5755
0.5600
0.5532
0.5955
0.6000
0.6060
0.6100
0.6135
0.6160
Trade active
Still holding - looking for a year end target near the 0.6700 to 0.7000 value area.Trade active
Stil holding.Trade closed: target reached
Closed all trades, major profit!
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