AUD/CHF - I got a little slap on this one earlierOANDA:AUDCHF
Not sure why I took this one before my USD/JPY I posted earlier.
Entry was good, 3 times flirted around my hard TP 10pips around 8-9.5pips, but did not get filled.
Held on too long, stopped out, didn't get hurt though, all is good.
Cant win them all.
Trade management is keeping me alive and in this game.
Trade well
Aussiedollar
AUD/CHF Why Not?OANDA:AUDCHF
Sure, why not trade something I don't normally look at.
I have to start with this pair at some point.
After a couple of close TP misses prior/during the recent Asian session, took a short on the Aussie Swissy heading into a round number before NYSE open.
After the opening bell, it slowly chopped and hit my hard 10pip TP, right before the small whiplash "Pending Home Sales" USA release 10:00 am est (UTC-5).
My trades are not huge pip amounts, but consistency wins the race.
Think rabbit and the tortoise, and the amount of lots on each of my positions.
Trade well
AW Aussie Dollar Analysis - Wave 2 Correction Incoming...Now that I have updated the analysis for the bigger picture, we have a better understanding of the overall structure.
That means I will continue to maintain the bullish view unless proven otherwise.
At the smaller degree we are looking for the start of Wave 2.
We may or may not have topped out so I will be paying close attention at the open.
The first expected move down will be Wave A so a strong impulsive move down will be expected.
From there we should be able to gauge further short-term trading opportunities throughout the corrective process.
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.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
Joe Gun2Head Trade - AUDUSD looks ready to correctTrade Idea: Selling AUDUSD
Reasoning: Rallied into major resistance on the dialy chart. Smnall top on the 60min chart.
Entry Level: 0.7069
Take Profit Level: 0.6906
Stop Loss: 0.7122
Risk/Reward: 3.3:1
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AW Euro & Aussie Dollar Analysis - This Changes Everything...In 2023 I will leave no stone unturned and if I am wrong, I will be the first to admit it.
When it comes to my previous ideas about the bigger picture, I was completely wrong.
In this video I explain my views of the bigger picture and what I believe is coming next for the Euro and Aussie Dollar.
I think it comes down to being able to switch between small and large degree analysis seamlessly.
All I had to do was look again at these long-term patterns and everything suddenly cleared up.
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.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
AUDUSD - Approaching overbought extremesRisk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
AUDUSD - Intraday - We look to Sell at 0.7160 (stop at 0.7200)
There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 0.7136. Daily signals for sentiment are at overbought extremes. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Preferred trade is to sell into rallies. Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 0.7045 and 0.6910
Resistance : 0.7135 / 0.7400 / 0.7660
Support: 0.6910 / 0.6770 / 0.6655
AUD/USD enters bullish trend before CPI release The Price Filter Indicator suggests that the AUD/USD has entered a bullish trend. The indicator has moved above the 0-line and turned green, which is a bullish signal with this indicator. This is the first time the indicator has entered green territory since April last year. The green surface area indicates that the trend reversal to the upside has momentum and could continue moving upwards.
This idea of a possible uptrend reversal is supported by the price hovering above the 200 EMA on the daily chart. This breakout above the 200 EMA period happened during the first week of 2023, signaling that this might be a good sign for the pair in terms of buying position.
With a current bullish bias, if AUD/USD closes above 0.69870, we might anticipate the price reaching 0.70600, filling out a previous wick's rejection. If the price has enough momentum in the upcoming days, we could expect the price to not only fill the wick to the left-hand side but also continue moving towards the 0.71200 area, which is the next possible resistance.
On the other hand, if the pair fails to break and close above 0.69870 convincingly, the price may bounce around 0.7000 psychological resistance and the 0.68850 support level until major fundamental news appears to dictate which way AUD/USD heads in the following days.
One such fundamental event will be the Q4 2022 Australian Inflation data due tomorrow (25/01/2023). The annual inflation rate jumped to 7.3% in Q3 of 2022 from 6.1% in Q2, beating expectations of 7.0%. Consensus forecasts for Q4 are for a modest rise to 7.4% or 7.5%, although some analysts are forecasting inflation to be 7.7% and above, pointing to recent data from UBS that showed supermarket prices rose an average 9.2% YoY in October-December 2022 up from the +8.2% recorded in the previous three months.
AW Aussie Dollar Analysis - Another Look at the Bullish View...It is my job to present you with all of the possibilities.
Here we go back to the bullish view, and I show you the potential for the beginning of a larger move higher.
There is still plenty of time to prepare for this move and potentially even trade it within the correction that I believe is unfolding.
This is a time sensitive update if you want to trade the corrective portion, so I suggest you get busy learning about this interpretation.
I will be posting a major update for the Euro shortly.
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.
EURAUD: Bullish Continuation Ahead! Your Plan: 🇪🇺🇦🇺
I spotted 2 important breakouts on EURAUD on a daily chart:
first, the price broke and closed above a neckline of a triple bottom formation,
then, the market violated a resistance line of a falling wedge pattern.
We see the retest of broken structures now.
I expect a bullish wave next week.
Goals: 1.578 / 1.5915
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
AUD/USD coils up at the lows - 68c up next?A potential bearish continuation pattern is forming on the 4-hour chart around last week’s VPOC (volume point of control). RSI (14) produced a bearish divergence ahead of the selloff and remains below 50 to show negative momentum overall. Prices remain beneath the weekly and pivot point and monthly R1, so now seeking evidence of a swing high beneath those levels for a move down to 0.6850 and eventually the 0.6800 support zone.
AW Weekly Wrap Up Video - The Phoenix Will Rise From The Ashes..In this video I talk about the progress made with the analysis in relation to all the major charts covered at this present time.
I also talk about how they relates to the Dollar Milkshake theory and how we could be on the cusp of a sovereign debt crises.
When global FIAT currencies start to collapse, central banks will need to continue hiking interest rates to bring inflation under control.
This will lead to a wave of defaults which will destroy currency units which will eventually see those currencies bounce back.
Of course, this will be painful for many and nothing to celebrate.
It will also bring opportunity to those that have managed to invest in Gold and the US Dollar which will likely rise simultaneously during this time.
As people flea into a safe haven of their choosing and whilst global markets and cryptos plunge, from the ashes will rise the phoenix.
Check out all the important related ideas from the past week down below.
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 SHORT: Sell-Off In ImpulseAUDUSD is showing considerable weakness signs.
The structure on the up-side since mid-December is Corrective.
A sell-off in a big degree is expected.
I am anticipating Intermediate (C) (red).
My Aussie technicals:
* Ending Diagonal in Intermediate (C) (white)
* Elliott Wave Reversal Pattern
* Upcoming Bearish Divergence
* Running Flat in Minor B (white)
* Double Top Pattern
* Supply Zone
* 161.8% Fibonacci Extension
AUDRUSD SELL Signal:
* Entry @ 0.69250
* SL @ 0.7100
* TP1 @ 0.6620
* TP2 @ 0.6455
* TP3 @ 0.6325
* Safety Measure: when in the green, moving SL to BE.
* SELL Stops on the way down, after pull-backs.
Many pips ahead!
Richard, the Wave Jedi.
AW Aussie Dollar Analysis - We Finally Have Confirmation...Now that we have a potential Wave 3 in progress, it is a good time to talk about the bigger picture including targets.
Using AriasWave (Not Elliott Wave), I have an understanding of what comes next.
The thing I always tell myself is; If you don't know when to get out of a trade, don't get in.
Targets are very important and can only be confidently achieved if you understand how each wave operates.
One question you may ask is: What if this Wave E subdivides into a Weak 5-Wave Move?
The US Dollar indicates that once this move completes then it will be in a strong uptrend.
This at least gives me a clue about nature of the kind of price action we will see.
In saying that we will be tracking this very closely and looking for any potential signs of weakness along the way.
Nothing is guaranteed but if you play your cards right, you can still pull a profit out of that situation if it happens.
We are dealing with probabilities, not certainties.
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.
AW Aussie Dollar Analysis - Weekly Long Trade Wrap Up...A good question posted by a viewer leads the topic of conversation in this first weekly long trade wrap up video.
I think moving forward things should become clearer.
There is an old saying that finding the start of Wave 3 is the hardest thing to do.
Of course, I do not believe that myself since creating AriasWave but I do think a lot of people still think it is true.
I assert that it is not the start of Wave 3 that is difficult to find, rather it's any real understanding of the waves per se.
If you back test every wave that has ever occurred, you will see AriasWave encoded in its DNA.
Except you need to be bothered in the first place and most people are lazy and want to get rich quick.
I was once guilty of this too and I decided to find out how Wave 3's begin and all surrounding waves every time.
Once you see that these patterns exist everywhere all the time your whole view of markets change.
You start to realize that it's not BS fluffed up fundamental data that drives the market.
Instead, you begin to realize that its raw unadulterated herd psychology that is living and breathing in every wave and cannot be manipulated at its core.
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.
AW Aussie Dollar Analysis - Non-Confirmation Between US Dollar..The non-confirmation between the US Dollar and Aussie Dollar is the smoking gun right here...
With the non-farm employment figured being released in less than an hour, this could be part of the corrective structure.
If price remains above .68870 during this volatility, then we could see prices gradually gravitate higher.
With the stop level firmly set at .66282, a break of .66870 could still throw this view right out the window.
Stay tuned for this one as it could turn out to be a good indication of what is ahead.
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.