AUDUSD ~ Weekly Swing Chart (Oct 2023)FX_IDC:AUDUSD chart mapping/analysis for med-long term swing trade strategies.
6A1!
AUSTRALIA DOLLAR Futures (6A1!), H4 Potential for Bearish DropType: Bearish Drop
Resistance: 0.69610
Pivot: 0.68560
Support : 0.67920
Preferred Case: On the H4, with the price moving below the ichimoku cloud, we have a bearish bias that the price may drop from the pivot at 0.68560, which is in line with the swing low and 61.8% fibonacci retracement to the 1st support at 0.67920, where the 78.6% fibonacci retracement , 78.6% projection and previous swing high are.
Alternative scenario: Alternatively, price could rise to the 1st resistance at 0.69610, where the overlap resistance and 38.2% fibonacci retracement are.
Fundamentals: Construction Work Done q/q, showing -3.8%, dropped significantly from last period and forecasted, which has negative impact on overall employment and spending.
Australian dollar corrective forcastLevels and timing forecast. Looks like a corrective wave after impulse waves.
AUSTRALIAN DOLLAR FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONWill be spiking in
AUSTRALIAN DOLLAR FUTURES (CONTINUUS: CURRENT CONTRACT IN FRONT)
6A1! CME, so you should buy in 30 minutes as long as the candles do not break the trend line
6A1! in case ↘↘Depending on a lot of sign 6A1! going to be With a huge endurance decreased and it's the perfect time to sell.
6A1! in case ↘↘
Depending on a lot of sign 6A1! going to be With a huge endurance decreased and it's the perfect time to sell
AUSTRALIAN DOLLAR FUTURES (6A1!) Monthly, WeeklyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly and weekly arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
