AUDUSD progressed nicely reaching the base of the Kumo cloud for a 50+ pips profit.I still expect the price to reach the top of the Kumo cloud around 0.9415 on which level I would advice caution on LONG position .
The Weekly Bar closed above the consolidation area,also the RSI broke the downward trend-line.I am expecting a push to the upside up to the 61.8 % retracement line around 98.15 after that a retracement to the TOP of consolidation area then up again to 78.6 retracement around 101.40 Level
Personally I think this is a great level to go LONG ( I am Already ), If you are more conservative you should wait for a break of the TOP of consolidation area.Keep in mind this is a weekly chart so it will take a fair amount of time to complete,but in my opinion the risk / reward in this trade is more than GOOD.Please feel free to leave your comments and suggestions.
The retracement I was talking about in my opinion is complete.So I am LONG AUDUSD.
In my opinion the retracement will reach the 10595/90 level .That for me means LONG on EURUSD until 1.3318 level,AUDUSD - Long up to 0.9335/40 then SHORT again
Nice DOUBLE BOTTOM on AUDUSD.Going LONG on this after the next retracement around 9290 / 9300 with a target to the upside around 9400.Patience is the KEY.
I am looking for a retest of 10590.So I am LONG EURUSD with stops at 1.3240
As the FED minutes fades I am looking for a correction here down to 10560.
Going Long from Major support first profit target around 0.8520
Going LONG on GBPUSD stops below the .618 retracement around 1.6580.Note that the Daily candle is not closed yet all the same there is a huge divergence on the RSI.
DOLLARIndex is at 1.272 extension from the double bottom.I am expecting a pullback 10540 level before another advance.
In my opinion this will be the next move on EURUSD , I am a buyer at 1.3200 even handle.
Look to SELL - USDJPY around 103.00 level , stops around 20 pips above the level