AUDUSD TodayAUUSD for is after Accumulation.
My potential setups you see on chart.
This is not recommendation ;) Just my view.
Usully I use 3 or 4 orders with TP1-TP4
Minimal Risk reward is 1:1 NOT LESS
Bespoke
EURUSD is looking to mirror the DXY move.Completing a bearish Crab formation. We also have a finishing wedge that has a target level of 0.9935.
Selling EUR/USD @ 1.0640.
Stop at 1.0780 (above 261.8%).
Target 0.9935 (start of the wedge).
R Ratio 5.03 (medium-term call).
A busy week for the US DollarFor every decent move in a single currency, we need a catalyst. This week we have two for the US Dollar
Tuesday, we have the much-anticipated CPI (Consumer Price Index), inflation indicator. Exp: MoM 0.6% YoY 6.4%. This is closely followed by Fed Interest Rate decision and policy statement on Wednesday.
My tealeaves are suggesting that we move lower on Tuesday, but only to complete the downward cycle to then get flipped USD(DXY) bullish on Wednesday.
Let us look at some charts and what trades I am looking to take:
US Dollar Index daily
My bespoke support is seen at 103.44 and 103.37. I like it when the support bands are close.
We will complete a bullish Crab formation between 103.30 and 103.05.
Looking to the 4hr chart, and we could stop short at 103.62, completing a butterfly pattern. Both patterns are bullish.
With this in mind, my trade call is:
Buying DXY @ 103.62.
Stop at 102.90.
Target 109.40.
R Ratio 8.03 (medium-term trade).
Selling USDJPY @ 138.45Selling USDJPY @ 138.45
Stop at 139.00
Target 130.90
R Ratio 13.9
Completed Gartley
The system highlights unique levels of support and resistance combined with potential cypher patterns.
We use single currency analysis as an overlay.
Selling NZDCAD at 0.8631-40Selling NZDCAD at 0.8631-40
Stop at 0.8755
Target 0.8090
R Ratio 4.35
BC leg of a Crab formation (counter trend)
The system highlights unique levels of support and resistance combined with potential cypher patterns.
We use single currency analysis as an overlay.
Selling AUDCHF 0.6410Using bespoke support and resistance levels and single currency baskets.
Selling the BC leg of a Crab formation.
Entry 0.6410 stop 0.6428 target 0.6358.
