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Aussiedollarbuy

AW Aussie Dollar Analysis - We Are Long but Watch This Anyway...This is just another update for Aussie and assuming this analysis is right we are getting ready for a move higher. Don't forget to hit the Booooooooooost button :) The Euro chart is producing the type of price action that also confirms these ideas. In this video I touch on a few key points relating to the waves we are seeing, Just confirming that all looks well so far for a continuation of this trend. Whenever you hear about trend following this would be where you would ideally get into a trade. It's already a well-established trend and all I am doing is highlighting the different points you could potentially enter. Of course, this is just for entertainment purposes, no one actually expects you to trade this sort of thing. You should especially not listen to some random guy on the internet that created a fabulous wave methodology that is better than Elliott Wave. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research. ***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
Long
by AriasWave
2
AW Aussie Dollar Analysis - We Finally Have Confirmation...Now that we have a potential Wave 3 in progress, it is a good time to talk about the bigger picture including targets. Using AriasWave (Not Elliott Wave), I have an understanding of what comes next. The thing I always tell myself is; If you don't know when to get out of a trade, don't get in. Targets are very important and can only be confidently achieved if you understand how each wave operates. One question you may ask is: What if this Wave E subdivides into a Weak 5-Wave Move? The US Dollar indicates that once this move completes then it will be in a strong uptrend. This at least gives me a clue about nature of the kind of price action we will see. In saying that we will be tracking this very closely and looking for any potential signs of weakness along the way. Nothing is guaranteed but if you play your cards right, you can still pull a profit out of that situation if it happens. We are dealing with probabilities, not certainties. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
1
AW Aussie Dollar Analysis - Non-Confirmation Between US Dollar..The non-confirmation between the US Dollar and Aussie Dollar is the smoking gun right here... With the non-farm employment figured being released in less than an hour, this could be part of the corrective structure. If price remains above .68870 during this volatility, then we could see prices gradually gravitate higher. With the stop level firmly set at .66282, a break of .66870 could still throw this view right out the window. Stay tuned for this one as it could turn out to be a good indication of what is ahead. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
1
AW Aussie Dollar Analysis - Impulsive Price Action Has Begun...Price action is really starting to prove itself now on the back of my recent US Dollar analysis. I believe that the Aussie dollar will advance at a very significant pace during this move compared to other currencies. The plan for this trade will be purely for Wave 3 price action. The target will be the 2.618 extension of Wave 1 which is around 1.15. It's definitely a big trade and one that takes confidence to see out to the end. A good solid understanding of the waves is the reason I believe this Wave E can make it that far with only Wave 3 completed. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
1
AW Aussie Dollar Analysis - This Next Move is Important...One may assume that these patterns unfolding are just a bunch of zig-zags on the chart and nothing more. According to AriasWave these are not zig-zags and in this video I explain why. Zig-zag patterns from in a particular way which is not what is happening here. What we have been seeing here is corrections expanding making them look like zig-zags. This is the key to the understanding the whole setup. I do however see volatility increasing which indicates strength ahead once we break through the important levels. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
AW Aussie Dollar Analysis - Watch Out for These Levels...As the Aussie dollar continues to prove itself within the patterns, we should now anticipate a third-of-a-third wave. All of the 1-2 subdivisions appear to be in place for us to see the expected move higher. We just need to see a couple of levels surpassed before we have full confirmation. Through this time, we also need to see price move up in a very strong impulsive manner. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
3
AW Aussie Dollar Analysis - Quick Breakdown of This Trade...This video is a recap of the long trade setup that I alluded to a few days ago. So far price action at the small degree points to higher prices over the coming week and beyond. I will begin to focus on potential targets as we get confirmation with a strong break of .69 cents. My stop at this point remains at .66283 until we get that confirmation and then it can be moved to .67104. I like to highlight the level of detail you can drill down to at the smaller degree in order to build confidence in the trade. I also point out potential issues with the identification of the wave structure in order to add credence. See the previous related videos linked down below. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
3
AUDUSD LONG TRADE1. Stopping volume: The previous bar is a down bar closing at the lows of the bar with high volume, what this means? possible selling, but, look how the next bar respons, high spread bar, closing at or near the highs with greater volume, so, if the previous bar was a weak bar, why the market didnt go down? The next bar is a up bar with not excesive volume, so, it confirms the demand. 2. Possible buying climax: Look at that volume, is incredible, in a up bar with wide spread closing at the middle of the bar, this is weakness, and need to be confirmed in the next bar, but evene if this not happend, you know that there is some selling that needs to be tested. 3. No demand: This bar do a incredible job, because is the first bar after the real weakness hit the market (the buying climax) in close above the close of that bar, and it did with literaly no volume, so, this is a confirmation of a weak market, why if you have demand in the market, the volume is not high or at least average? 4. Trap up move: This bar is seen after a no demand and a possible buying climax, this bar is the final confirmation of the weakness, you can say that this bar is caused by the brexit effect, but, if you read the chart 4 hours before you had a clear zone of distribution. This bar closes lower that the lows of the buying climax. This bar also contains high volume, so, be aware if there is some strenght you need a test or a no supply bar. 5. Gotcha bar: This bar is a down bar with a ultra wide spread, closing at or near the lows of the bar with the higher volume seen in the chart, so, be aware because this bar also contains a lot of demand, and that demand need to be tested to raise a market. 6-7. Supply coming in: Three up bars with wide spread closing off the highs or at the middle with high volume only indicates one thing; supply still in the market. But you are now in a zone that also contains demand by the gotcha bar, so, you need a clear breakout of the low of the bar 5 and bar 1 (where the demand hit the market). 8. Up-thrust: Up bar with wide spread closing almost where it opens with high volume, a clear bar that was absorbed by the supply. This bar will be our trigger to open a long position. 9. Test: This bar is a average-wide spread down bar closing almost at the highs, testing if there is some supply in the market at that zone, because the smart money sell in this bar, and if the volume is average-high, they know that other players are selling too, but, in this case, nobody (at least nobody in the smart money) wants to sell, you can see it in the low volume. The next bar confirms this signal. 10. Strenght coming in: Down bar wide spread with high volume closing in the middle of the bar, this bar says that the demand in that zone is absorbing the supply. This bar is seen in the same zone of previous strenght (the test) and in the same song as the signals 5-6-7, so, if there are no supply in this area, you now know that you got strenght. Wait for a confirmation and new signs of strenght in the future. Well, im waiting in the 5M-15M timeframe to a SOS (sign of strenght) above the pink line (the last sign of weakness seen in this chart) to open a long position and my take profit will be the next pink bar. In this timeframe i cannot see a clear sign to open a position now.
Long
by DylanMartinez