Harmonicwaves
AUD USD decision pointLooking for When AUD USD will start its trend.
1. Entry off Trendline break For BUY
Previous support tunred resistance.
2. Entry off TL break for SELL
If break below waiting for Harmonic reversals
3. Entry off harmonic BUYS
38.2 major retracement
100-113 Cypher/Gartly Finish
127 Butterfly finish
Bearish Bat on Weekly Candle Closes. Looking for sell setups!Looks like another bearish bat here. Most recent bull run broke long term trend channel. We had a previous bat that signaled a huge short, along with Elliot wave truncation. Will be looking for short setups on a lower time frame! If you like my idea, give me a thumbs up! If you think it's idiotic, well I'd like to know that too :)
Good luck next week!
Daybreak for the Pound/New Zealand?Good morning GBP/NZD, time to rise and shine :)
My case for a strong bullish reversal on this Extremely Valuable Pair {EVP} is due to the fact that: (1) It has completed a multi-month Harmonic Wave Formation and (2) the GBP/NZD is positively correlated with FX:AUDNZD and that pair is trending very aggressively into a multi-year bullish uptrend due to both Australian Dollar strength and a weakening New Zealand Dollar.
Time to get those Buy entries in ladies and gentlemen because the Bulls are out to play! I have no clue what the impact of a "Brexit" might do to the Pound but for now I'm surely long above 2.1170 due to NZD weakness.
Around May 02, 2016 we should have a clearer picture whether price will push higher or continue in a downtrend. Remember the "Brexit" decision is on June 23rd so until then we trade what we see on the chart. Around June 27th another harmonic time interval occurs so we shall see what happens.