Marketanalysis
AUDUSD on watchAussie dollar fell towards 0.6672 after rates cut, where it found strong support and closing above a significant level suggesting a possible validation of the ABCD. With the weakening of the US dollar and the market giving a 73% chance of rates cut at the end of the month we wouldn't be surprised to see the AUD rallying towards the 0.695 level. Something to keep on eye on is the US-China trade.
Practicing TA. I look back at these (updated)Just doodling on a lazy sunday.
Had to delete the old post from 5m ago to update the Weekly indicator TLs.
261 is my target for a breakdown monday.
Bull case is 307 and 326.
Having a lot of fun lately.
Really good time to be a trader. lucky ducks.
Thank god we are done with the grinding.
Audusd to go bullish this week?After having a bullish rally that lasted for half of september we retraced downwards all the way to 0.71 Fib level. I believe we will have yet another bullish rally this upcoming month. what i would like to see is momentum and a break above 0.6777 to confirm a new bullish trend
BITCOIN shoot on the downsideAs probably many expected bitcoin has retraced into a very nice support level that suggests a possible buy.
From this level let's start watching for formations to the upside.
Here at LGE we are expecting the price to push well below the daily 200 MA before to start the next bull run.
note:
The picture is showing the weekly timeframe