10 giu 2014 20:32

AUD/USD Daily. early signs. Long

Australian Dollar/U.S. DollarFXCM

Descrizione

⋅ 10 giu 2014 20:32

AUD/USD daily

4/3/13 breakline breakout(channel), confirms a Triangle continuation. MACD crossover Monthly level, Daily MACD bullish, RSI pattern brakeout. Weekly close , Important, above Channel(blue), confirmation.

Notes : AB leg points to large triangle target, AB=CD harmonic, IHS. 75 sma cross 200 triangle base. (Low probability bearish Cypher).

Targets :
0.94555, 0.95755, 0.97140 (AB=CD. double top, horizontal support(2008), 61.8% AB retracement, 100 sma Weekly), channel upper bound, diagonal channel BT. Wave 5.

Stop : 0.9300 . Under uptrend line and 50 sma.

Commenti

NQunlocked

⋅ 11 giu 2014 07:42

Thank you for sharing, I like your analysis and the understandable but yet elaborate interpretation of elliot wave, patterns, moving averages and parallels (median lines?). will be following this one closely

⋅ 11 giu 2014 13:05

Thank you HamzaLeith, likewise. Learning, and enjoying the toolbox. :)

Altro