Bearish Cypher in my EUR will be Drop
Good Oportunity to Short after this pull back
Good luck peps !!
Australia
A Potential 240 Pips Fall in AUDJPYAfter the fall in price from the recent high at 90.29 on 21st Sept to the recent low at 87.24 on 21st Oct, price has been developing in a corrective nature.
Price has completed a minimum 3-wave structure from the 21st Oct low.
This gives us the bias in looking for a short setup on AUDJPY.
A break below the trend line structure will give us the conviction that we can potentially see price falling 240 pips, targeting 86.02.
With the AUD CPI and Trimmed Mean CPI scheduled to be released tomorrow, these risk events might be the catalyst to move the AUDJPY pair.
AUSSIE AUSSIE AUSSIE Australia200 Long RR3.72Hello,
lets look at Australia 200.
Critical Zone: 5640 ~70
There has not been much action for Australia 200 this year. With this type of condition, if we stick to the plan, we can all make consistent profits until the pattern ends. As Chinese economy stalls, we will expect to see Australian market stabilizes.
As we can see on the chart, since February 2017, Australia 200 has been trading in two ranges
1) 5670 to 5790 (120pips)
2) 5790 to 5950 (160pips)
the second range only lasted less than two months, for the following three months, AUS200 have been trading between the 5640/ 5790 (150pips)range .
As we speak, Australia 200 is trading at 5665, it is now a good opportunity to enter and target 5785 (120pips), SL at 5617 (48pips) 1:2.4RR
Thank you for reading. Happy trading
Australia's Most-Shorted Stock Has Habit of Burning BearsThere’s probably not a lot of people cheering the fact Flight Centre Travel Group Ltd. is Australia’s best-performing equity today.
Getting burnt by the travel retailer is almost a rite of passage for long-short funds Down Under. The market’s most-shorted stock, Flight Centre has a habit of burning bears, with an improved profit outlook in July and this week’s better-than-estimated earnings triggering stock surges.
Week 24th July AUD USD correction potentialAs per the graphic, unless CPI Wednesday is a bullish surprise or any other unexpected bullish news which you can never foresee of course, the normal course is for a decent correction
So imagining this scenario: CPI not good, iron keeps falling, aussie goes back to latest multi year high (previously was support) at
Building with Bezos down underAs Amazon reaches for the stars in nearly every market it enters, entering this red hot stock without getting burned requires a bit of finesse even as Bezos cashes out nearly 1 billion dollars’ worth of stock. Entering into the summer doldrums, some pullback is expected before a year end run into holiday season as Amazon seeks to expand into Australia.
Read More or how to trade this plan @ MarketAlly
www.marketally.com
AUDUSD Possible Daily FlagIt is what it is.
Long entry 0.763
sl 0.759
tp 0.774-0.7804 depending on your preference
TEXTBOOK TRIPLE THREE ELLIOTT PATTERN ON AUDNZDI am not gonna say much, except i am buying with a stop around 1.0320 targeting a serious move higher.
A positive outlook for the Aussie/Yen pairThe AUD/JPY continues to climb as expected in my prior analysis An uptrend in AUDJPY .
A r(0.946) linear regression that started in October suggests that the Aussie will continue to gain ground against the Japanese yen (green arrows). Note that stochastic analysis is just entered the 20-80 zone suggesting that the trend may be over if a series of lower-highs start to appear.
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"Letting losses run is the most serious mistake made by most investors." - William O’Neil
2017 - Australian Dollar Forecast MajorsAustralian dollar faces a tough resistance coming into 2017. I will update this page continually through the year.
