AUD USD - Target reached! Now what?
Hello Traders and Analysts,
Breakdown:
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged short, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Master Key for zones
Previous analysis:
link here:
See the previous work
June analysis:
The Aussie has now passed 0.76 hurdle first, using a a daily Fibonacci on the daily chart, the price levels of this very strong strength from the Australian Dollar, the Fibonacci retracement of 0.382% is a strong possibility which has now been proved as price action here tapped 0.772 zone and consolidated while still making higher lows - giving confidence of confluence here rising to the monthly imbalance.
The next Hurdle is 0.80 which is our target for the next 3-5 months. The plan since the original analysis, price has been bullish and driving towards the 0.80 mark as expected. beating the analysis prediction at an early scenario by 1 week.
Monthly imbalances
Price has rejected the previous yearly lows of AUD USD at 0.55 to a $1.00
This zone is a powerful buying zone for positional holders like us for two reasons;
1. - Price is clearly making lower highs
2. - The wicks are closing bullish - suggesting the zone is a fractal buying imbalance for buyers.
Weekly time frame Imbalances
The weekly imbalances are shown and provide a clear indicator where 0.80 was a great opportunity with a key wick where price closed at the same price.
The weekly imbalances once the short has initiated shows the lows to monitor at the next imbalance where price will offer two key scenarios;
1. - The probability of the rally, base, rally continuation [bearish].
2. - The probability of a rally, bounce, rally where price will offer an opportunity to sell again.
Daily Fibonacci
The Daily Fibonacci provided a double top or a 50% retracement rejection. For the shorter term sellers adding a position here would suffice, but recommend placing a larger position on the 61.8% as mentioned.
The edge of the monthly imbalance, has key closes which come down to a daily level with fractal pivot points. Notice how price will revert to test the zone price has come from. But creating the formation of a lower high.
The Answer is yes to continue to hold further
Yes it has and here is the proof, revert back to June 29th chart and hit replay.
Do you enjoy the setups?
*Professional analyst with 5+ years experience
*Focus on technical output not fundamentals
*Position and swing trades
*Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXI
Breakdown:
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged short, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Master Key for zones
- Red = Three Month
- Blue = Monthly
- Purple = weekly
- Scarlet [Red] - Four day
- Orange = Daily
- Green = 8 Hour
- Grey = 4hour
- Pink = 1 hour
Previous analysis:
link here:
See the previous work
June analysis:
The Aussie has now passed 0.76 hurdle first, using a a daily Fibonacci on the daily chart, the price levels of this very strong strength from the Australian Dollar, the Fibonacci retracement of 0.382% is a strong possibility which has now been proved as price action here tapped 0.772 zone and consolidated while still making higher lows - giving confidence of confluence here rising to the monthly imbalance.
The next Hurdle is 0.80 which is our target for the next 3-5 months. The plan since the original analysis, price has been bullish and driving towards the 0.80 mark as expected. beating the analysis prediction at an early scenario by 1 week.
Monthly imbalances
Price has rejected the previous yearly lows of AUD USD at 0.55 to a $1.00
This zone is a powerful buying zone for positional holders like us for two reasons;
1. - Price is clearly making lower highs
2. - The wicks are closing bullish - suggesting the zone is a fractal buying imbalance for buyers.
Weekly time frame Imbalances
The weekly imbalances are shown and provide a clear indicator where 0.80 was a great opportunity with a key wick where price closed at the same price.
The weekly imbalances once the short has initiated shows the lows to monitor at the next imbalance where price will offer two key scenarios;
1. - The probability of the rally, base, rally continuation [bearish].
2. - The probability of a rally, bounce, rally where price will offer an opportunity to sell again.
Daily Fibonacci
The Daily Fibonacci provided a double top or a 50% retracement rejection. For the shorter term sellers adding a position here would suffice, but recommend placing a larger position on the 61.8% as mentioned.
The edge of the monthly imbalance, has key closes which come down to a daily level with fractal pivot points. Notice how price will revert to test the zone price has come from. But creating the formation of a lower high.
The Answer is yes to continue to hold further
Yes it has and here is the proof, revert back to June 29th chart and hit replay.
Do you enjoy the setups?
*Professional analyst with 5+ years experience
*Focus on technical output not fundamentals
*Position and swing trades
*Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXI
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