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Audusdanalysis

AUDUSD: BULLISH Market Analysis! Watching for CONTINUATIONHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the AUDUSD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: In high time frame, the market has been moving since a while inside a big corrective structure, forming many patterns within patterns. At the end of October, it broke the LTF descending channel, pumping up with a strong impulsive upward move. The price is currently at the top of the HTF structure, correcting, most probably to prepare for the next further bullish movement. When, where and why would we step into the market? Considering the overall still bullish momentum, we will be looking to enter long if we get the right confirmation, a breakout of the LTF flag with a further correction will be enough to enter this market, targeting the next swing high at about 0.69000. However, the correction could spend more time before be completed, so without a clear breakout, no action will be taken on this market. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Long
by Cybernetics_tl
11
AUDUSD | New perspectiveBuoyed by a weak US dollar, the Australian Dollar keeps rallying to close the week on a bullish tone. Going into the new, all eyes shall be on the RBA meeting minutes, Unemployment Rate, and Employment change to decipher if a breakout of the 0.67000 level will happen or not. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
2