Long Signal (Cautionary) Just Fired on AUDUSD Target is 0.69880
Updated
Our Logical Trading Systems (Smart Volume Spread Analysis) signals a Cautionary Long Shakeout (Strength) Signal on AUDUSD Hourly
After a fairly long move down it looks like some *cautionary* strength is coming into the Aussie Dollar pair.
The target is the SML (0.69880) just above entry (0.69762)
While I would rather see valid strength than cautionary it does look like things may be slowing down at least for a short while. I will update as changes occur. Please note this is the hourly chart as such targets tend to be quicker. Our systems work on any timeframe or chart in much the same way on longer time frames as it does on shorter time frames.
The systems we use to trade are detailed below and all of them are available on Trading View if you are interested:
Our "Logical Volume Spread Analysis" is a vast improvement on ‘standard’ volume spread analysis. Based on 15+ year combined experience with Smart Volume Spread Analysis software which combines fundamental analysis, technical analysis, and volume price analysis into a powerful methodology that enables you to trade the markets in a way that is uniquely accurate. We have refined the analysis systems and algorithms from our core systems to provide the most powerful Volume Spread Analysis indicator on TradingView.
Our "Logical Trade Levels" (Targets and Stall Points) indicator is a simple but powerful version of support and resistance. We do a fair bit of behind the scenes algorithmic magic but essentially these levels act as very strong support and resistance for entries and also targets. Many of our previously published ideas use these levels to determine likely stall points for our entries as well as best targets up and down. You can see from those published levels how easily you know where the price will likely stall out or needs to move through.
The *Volume Trend Advisor* (The red and green indications on the chart) indicates in real-time and cannot repaint as it uses closed price and volume analysis to determine likely changes in direction/trend. The Green icon = Strength/Long and the Red icon = Weakness/Short.
After a fairly long move down it looks like some *cautionary* strength is coming into the Aussie Dollar pair.
The target is the SML (0.69880) just above entry (0.69762)
While I would rather see valid strength than cautionary it does look like things may be slowing down at least for a short while. I will update as changes occur. Please note this is the hourly chart as such targets tend to be quicker. Our systems work on any timeframe or chart in much the same way on longer time frames as it does on shorter time frames.
The systems we use to trade are detailed below and all of them are available on Trading View if you are interested:
Our "Logical Volume Spread Analysis" is a vast improvement on ‘standard’ volume spread analysis. Based on 15+ year combined experience with Smart Volume Spread Analysis software which combines fundamental analysis, technical analysis, and volume price analysis into a powerful methodology that enables you to trade the markets in a way that is uniquely accurate. We have refined the analysis systems and algorithms from our core systems to provide the most powerful Volume Spread Analysis indicator on TradingView.
Our "Logical Trade Levels" (Targets and Stall Points) indicator is a simple but powerful version of support and resistance. We do a fair bit of behind the scenes algorithmic magic but essentially these levels act as very strong support and resistance for entries and also targets. Many of our previously published ideas use these levels to determine likely stall points for our entries as well as best targets up and down. You can see from those published levels how easily you know where the price will likely stall out or needs to move through.
The *Volume Trend Advisor* (The red and green indications on the chart) indicates in real-time and cannot repaint as it uses closed price and volume analysis to determine likely changes in direction/trend. The Green icon = Strength/Long and the Red icon = Weakness/Short.
Trade closed: target reached
It took a little while (Normal for cautious entries) but the target was hit and a number of upper targets (Smart Market Levels) were hit as well.
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