AU
GOLD - TECHNICAL ANALYSIS ON WHAT TO EXPECT - CryptoManiac101GOLD / USD TA
We have been tracking GOLD down this descending channel for quite a while now. Automatically you would turn bearish on it due to no convincing close and rejection above resistance which means that if you're a bear, you would start targeting 1250 zones for possible re-entry.
Nevertheless, if you take a 'fractal' approach here, we will see that back in March/May we've observed nearly similar pattern which actually resulted in a strong upward break away from the descending channel and general resistance. Can we observe something similar this time around? Possibly however I would not bet LONG or SHORT until we see a close below or above the descending channel.
Aussie Short Bias, 11.100.69 seems to be a thick area of supply for Aussie ,we'll be looking to take AU short this week until 0.69 is broken.
Last week's close for AU is key to looking for this bias. This next week we'll be looking for both sides of the trade.
AUDUSD Potential ShortPotential AUDUSD Short
Fibs Align W/ S/R and swing trendline.
Support zone allows for entry space.
Gold in AUD - Breakout coming. The grey shad is the first 2/3rd of the triangle (point of average breakout). Upward breakout has a 60%, downwards 40% according Bulkowski's research.
Aussie Fighting BackAUDUSD
Setup: ABC
Confluence:
CRS
61.80 FIb
Entry:
Buy @ 0.6740, SL @ 0.6710 (30 pips), TP @ 0.6900 (160 pips)
SIMPLE STRUCTURE BREAKOUT ON 4HAUDUSD
Setup: Structure Breakout
Confluence:
sBRN
CRS
Multiple rejections from Resistance
Note:
Cash Rate News tmrw @ 12am. Close the trade is floating negative before news releases
Entry:
Sell limit@ 0.6765, SL @ 0.6785 (35 pips), TP @ 0.6700 (65 pips)
AU 4H - CONTINUE THE FALLAUDUSD
Setup: Structure Breakout
Entry: Sell @ 0.6760,
SL @ 0.6785
TP @ 0.6700
Let's see how it goes. Let me know your thoughts too
09-12-2019 AUD/USD ABCDFirst ABCD cycle for Aussie was extremely accurate,
possibly we can apply the same strategy for another coming month.
Wait until Aussie reaches at least 60% of Fib level/supply zone then short AU.
Eur/Aud 1 more higher High? FREE SIGNALS vvvvt.me
1 More higher high? the indicators i have suggest price is to rise, so either way should secure some good profits with this trade.
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Gold has broken out this descending wedge/channel Gold has had a shallow retracement and had broken out the descending wedge so has a measured move target to the upside.
AUDUSD: Bears Ready To Take Back OverExpecting that the AUDUSD pairs recovery from multi-year lows was corrective and could be complete as price stalled well in bearish territory.
Looking for a break below 0.6775 for continued decline.
Support Levels / Targets
0.6730 -- 0.6680
*RBA's Governor Lowe testifies that Aussie’s depreciation bodes well for the economy, but also reiterated that further rate cuts are on the table, mainly if other central banks continue in the easing path.
**Not Professional Advice - Take trades at your own risk.
-Krecioch
AUDUSD 17/7/19 H4 Chart zoom out
H4 Chart zoom in
17/7/19
- Potential reversal bullish D1 H&S pattern completion when price actually breaks out of the bottom.
- H4 H&S looking for the H4 right shoulder to form - down
