QuantCodes: AUDUSD go South to close gap??After the price gap up on the first-day trading on a new week, AUSUSD seems to close its gap & heading to 0.68744. Entry Short was triggered on yesterday @ 0.69105.
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Rob Smith - smithintheblack - Quant Edge learning11/26/17 – Bias: Neutral. Outside bullish month and week up.
Momentum inside hammer in August.
Inside week 9/11/17. Tried to go higher in
September, long upper shadow. Rev Strat
Weekly Down Under 79.68. We will see what
December brings. 4 consecutive bearish months.
Has not made a lower low since 01/01/16 at 68.33.
Rob Smith - smithintheblack - Quant Edge learning11/26/17 – Outside bullish month and week up.
Momentum inside hammer in August.
Inside week 9/11/17. Tried to go higher in
September, long upper shadow. Rev Strat
Weekly Down Under 79.68. We will see what
December brings. 4 consecutive bearish months.
Has not made a lower low since 01/01/16 at 68.33.
Rob Smith - smithintheblack - Quant Edge learning11/26/17 – November, outside month up, bullish month.
2 inside bullish months within September. There is no
argument that this currency is going up. Railroad tracking
the 20 & 40 up since June 2016. Timeframe continuity.
There is no actionable signal to believe the price is headed
down. With a continued bullish move we can expect target
areas of 132.50-136 to 144. Higher highs and higher
lows since 03-06-17, 9 months
Rob Smith - smithintheblack - Quant Edge learning11/26/17 – November, outside month up, bullish month.
Timeframe continuity to the upside. Outside month,
week, and day up, we will see what new actionable
signals December brings. There is no argument that
the price is not moving up. A sustained December
move above 86.38 is bullish to the top of the triangle
with a target area of 89ish. Then we can potentially
get into the 88, 89, 92, and 95 and 97ish areas.
Rob Smith - smithintheblack - Quant Edge learning11/26/17 – November, outside month and weeks down, bearish sentiment.
Full timeframe continuity. Possibly going to bottom end of triangle,
91ish area. We will see what the beginning of December brings but
there will be a lot of work required to make it back up to top end of
triangle. There is no argument that the price is moving downward.
Rob Smith - smithintheblack - Quant Edge learning11/26/17 – Bias: Neutral. Conflicted with inside month
of November, inside month up, and outside up week.
4 inside weeks within the bearish month
of August. Week of 11/20, Outside week up. We will
must wait and see what actionable signals December
Brings. A move over 77.86, I would be bullish, and a break
Below 76.90 and then 76.37, I would be more bearish than
bullish.