AUDUSD Wave Analysis Hello Traders,
Here's my analysis for AUDUSD, seems to be trading in a Wave Form respectively and will make its correction down when it hits 5th wave :)
Trade Safe
D-AU
POE Point of entry Just wanted to follow up from the analysis from earlier in the day goes for both AU and EU. This would be the point of entries based on 3 different TFs as you can see on the chart. Thank you. lmk what you all think FOREX FAM
NAS100 - ProjectionGreetings Traders!
It appears that we've hit a very strong support zone on the 4hourly 8035-8150 range. Although we still aren't in the clear yet with the pandemic still creeping around the globe. Expect to see more money flooding the indices for a brief bull run over the next couple of weeks.
Upon market open, I believe we could see the opportunity to LONG (providing there isn't something catastrophic that happens to the US economy) .
I expect to see OANDA:NAS100USD hit around 8450-8550 in the upcoming week after the Easter Weekend.
Hoping you're all safe, with loved ones and enjoy your weekend.
Gold is showing us an interesting pattern here. I was watching this last week and it has completed the pattern as of today. Watching this closely as the measured move is around ATHs in gold. Closing above the structure and ill be adding to longs.
Happy trading traders!
NAS100 / AU OPENLooking at a long for AU open.
Going by past results, history and technicals, we should see our move.
Delicious AU is giving you a very good risk/rewardAfter You Public Company is one of the most famous Cafe stock in SET! I never tried it before though haha (cause I think it is still a little too expensive for teenager like me). But many people do love it! And the profit is growing every year! It did a double bottom a while ago, but personallyI think it was over-extended. The company profit will of course be effected by the virus’s pandemic. But in the long term this will surely be a very GOOD INVESMENT!
GOLD in USD- Bullish Ascending Broadening wedge. According to Bulkowski's chart pattern- 81% probability of breakout (up) as the trend leading up to the formation (bullsih).
AU: Aussie Long Setup: Too Risky This Week?Aussie is at a monthly key level that I'm watching, THe market was very nonvolatile last week with thanksgiving in theUnited States. Keep in mine, for last week NZD/US moved a right back towards anyone spending all of their time trying to enter. By being dynamic traders we can not only adapt to but ahead of the market at all times.
Imminent Gold-Price Surge
This massive 'monthly' triangle exit is 'perfect' by all measurements. It is unlikely that we're ever going to see current levels again, or for at least 6-10 years forward if the assessment is pure 'technical'.
Technical Forecast:
Gold prices are expected to bottom by December this year, which indeed could be the last bottom. The 'monthly' chart shows an incredible price surge potential around (the beginning of) Spring 2020 which could reach beyond 1700+. This is backed by at least 5 major indicators (additional 5 indicators are in the process of becoming super-bulls such as ADX, MACD, etc).
If LL is broken again, aim lower again until two distinctive 'higher highs' have been created on the 'daily'. This will serve as your entry-point confirmation. The technical low is around 1425. Balance your trade or exit your long-position in case prices go below the stop-loss marker (extremely unlikely).
(lines and connections have been averaged on step-line over linear for higher precision)
AU: Weekly long setup Entries for this trade will be taken a s resistance is met again for the 3rd drive where we can look to enter long after any type of reversal pattern shown at the fib level of 61.8% from the previous low to the current structural high on the longer term 8-hr/daily time frame.
DO NOT MISS THIS TRADEAUDUSD
Setup: Structure Breakout & Retest
Confluence:
BRN
Entry:
Buy @ 0.6800; SL @ 0.6770; TP @ 0.6920
AU:Aussie short updates from 11.10 (precision is key)See linked charts (related ideas) for the original setup. We'll be looking for price action to signal a buy next week early.
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.
