ard3413

ard3413

here is what i see on weekly time frame. im waiting for a correction phase ( an ABC or WXY), or maybe price is going to make a ending diagonal as a wave 5. here, its better to wait for more evidence of how price is acting.

ard3413

here on AUDUSD daily TF i can count 2 different wave counts. one of them shows that wave 4 has started and the other shows that wave 5 has been finished and we are in A wave of ABC correction. right now i dont know which of these countings is correct, maybe we have to wait and see how price behave. but what is obvious is that we will have a upward move whether its...

ard3413

bearish crab is developing. fibo cluster, price action resistance zone and crab completion. RSI overbought condition.

ard3413

why here is a nice opportunity for short? 1) WEEKLY resistance on 2.07082 and 2.0900 and price is reacting on that. (now is forming a weekly pin bar) 2) two AB=CD pattern comlete at that level. 3) 1.272 fibo extension resistance good time to short this pair for gaining about 1000 - 2000 pips !!!

ard3413

bullish crab channel support RSI oversold if a bullish reversal candlestick pattern forms on this PRZ, i will enter LONG but its a counter trend trade opportunity, trade with at least half size of what you trade in trending opportunities.

ard3413

there is a gartley developing on 4hr TF. daily trend is up, and the gartley also is a bullish gartley; so its a nice opportunity to enter LONG. and there is good RR because of the uptrend and bullish pattern.

ard3413

3 fibonacci levels at on level. strong support level. looking for buy 1.30374 1.30321 1.30328 AB=CD

ard3413

there are 2 patterns developing on daily TF. a bat pattern and a gartley pattern maybe in few days ahead. watching carefully PRZ of bat for a clue to validate the pattern seeking for a bearish revesal candlestick to enter short.

ard3413

price action supported on the strong weekly and daily support. and this level also is 61.8 fibo retracement of recent upward move. fibo projection for developing a ab=cd pattern is on 1.33410, where is next strong resistance.

ard3413

there are a bat and a butterfly developing on 4hr chart BAMM trigger shown on the chart. we can enter long at break of BAMM line to complete the bat pattern. and if we saw a bearish candlestick on PRZ of butterfly or bat, then we will enter short.

ard3413

there is a bat developing on 4H TF. BAMM trigger, if that level breaks, enter long to complete bat. but there are 2 patterns before that bat, price may consolidate or reverses in those zones.

ard3413

double top is developing; if the neckline breaks we can add another position on this.

ard3413

we have to wait to see how price acts at this trendline resistance. if it breaks there is a room for developing a butterfly. if it doesnt break it, it will continiue bearish trend.

ard3413

here you see a bat pattern developing on 4hr TF. IF price action respects that levels and we see a bullish candlestick pattern then we can enter long with a very nice RR

ard3413

here on the chart you can see elliot wave analysis of daily AUDUSD. target is based on elliot wave rules, fibonacci projection of wave3 and strong historical support.

ard3413

I haven't trade this pair until now, but this time maybe try it.

ard3413

there is a wedge developing on daily timeframe. here are 3 scenarios that price action can perform. we will wait which one is going to happen.

ard3413

bullish cypher pattern support zone good RR with 2 targets.