Impulsewave
AUD is setup for extended 5th waveI say this because wave 3 was short relative to wave one. It is possible to still be in wave 4, but considering how deep it went in one wave I think it will keep extending. If the dollar drops down, aud and NZD will continue uptrend, which is what looks like will happen.
NQ1! - NASDAQ - SHORT - H4 - H1NQ1! - NASDAQ - H4
SELL on the 1.272 Fibonacci Level @ 9265
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Entry: 9265 | Stoploss: 9365 | Takeprofit1: 8965 |
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Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell.
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#AUDCHF - Short After Correction #ForexWith already being short, I am simply waiting for some sideways movement on a lot of the AUD pairs the beginning of next week.
If a corrective pattern does form and I get a reason to enter I will go short and bring my current positions stop loss to the same place my new one would be.
Any questions feel free to comment or drop me a message
#EURAUD - ShortI believe another big sell-off is inbound for EURAUD
Seems like the market is just correcting now before a further push to the downside.
there are different possible scenarios..
#1 we just break through from here.
#2 we have a third touch of the corrective structure, and then we move lower.
Will be interesting to see how it plays out.. either way I have my alarms set for that bottom trend line
NAS100Trade hit take profit but continued - so consider this a trade review.
Trend line again is respected and US released fundamental news to allow the bulls to surge in and take control.
The trend line is again respected with tech earnings coming in today with Microsoft, FB & Qualcomm
Tesla are also looking to open up the californian factory despite widespread social distancing and lockdown measures in place.
Despite the fundamentals - the demand zone has previously touched 8790 on multiple levels.
The price ended up having a great indecision candle form which gave us a huge opportunity to zoom into the into the 5 minute chart to give us our entry.
Price hit our target, immediately retraced to give another opportunity in order to re-enter and continue the long.
The impulse was too strong, hence the supply being tested.
Thanks,
Lupa