A Bearish RollerCoaster ... 100 Pips in SightWe are witnessing a strong bearish momentum on this pair. From the Monthly to the 1 hour charts, all the timeframes are bearish.
Comign through from yesterday's analysis of this pair, we see how prices have continued to melt towards our 4 hour and 1 hour timeframe targets.
From yesterday, we see how the market gave is a nice dip that went to hit our liquidity target. We are seeing a retracement into the PB. We have marked out our zone in line with the Panzy Pips education strategy, and now we are waiting to see prices come into our zone, give us some good bearish reversal, afterwhich we will look to jump on the bearish rollercoaster as the market glides down towards the liquidity target below.
Aususd
AW Aussie Dollar Analysis - Resumption of Downtrend Incoming...In this video I reintroduce Aussie dollar analysis in preparation for what is a resumption of the long-term downtrend.
This is another example of how all FIAT currencies are losing value against the US Dollar.
It doesn't mean that the US Dollar isn't losing value, it just means that relative to other FIAT currencies, it is the strongest during this period.
The extra data that is now available on TradingView for this pair has made it easier for me to illustrate my current interpretation.
As I haven't covered the Aussie dollar for quite some time, I also cover the long-term view in this video.
As mentioned in the video, I will link the US Dollar video so you can see how the view is in-line with that view.
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.
AUDUSD - Strong reaction off 70The earlier model discussed in my previous model has yet to be eliminated , but what's actually printing out on the chart at present begs discussion and is discussed in this video.
The model discussed in the video implies 70 will not be broken and the bearish cycle is complete.
The move off the 70 level maybe a Leading Diagonal which when complete would be a larger degree Wave 1. If that is so then the retracement will be telling as a wave 3 would be the trade ! NOFOMO
The previous model in the previous video is also yet to be eliminated and NOFOMO is necessary if that is the correct model .