EUR AUD - Selling to target, awaiting buys [Series 10]
G'Day Traders and Analysts,
Breakdown:
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged neutral, until the opportunity for a close reaches the profit taking zone. This will be activated as long, where an imbalance is formed and sellers have completed the changing of hands due to purchasing further increments the exhaustive sellers.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. However, note, at current we are awaiting confirmation of a Bearish move.
Master Key for zones
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.
Key terms
CP - Continuation pattern
DBD - Drop Base Drop
RBR - Rally Base Rally
OP - Original price
DCA - Dollar Cost Average
FL - Fresh Levels
Monthly at current;
EUR AUD since 2017 has seen a high curve this is due to the Original level from 2009 had not been tested allowing the AUD to be considerably weak in terms of exchange rates for the Aussie.
The overall supply and demand curve offers opportunities to sell upon a "step by step" case where three points of pullbacks have allowed the buyers to reach the arrival destination.
Now the price is in a pure down sell upon a very strong curve for a departure, which means upon the fresh level of arrival, price will consolidate and create a new curve within the structure. However, trading comes with confirmations.
Since 1.96 price has developed a large data structure whereby Drop base Drop or DBD scenario has encountered. (Revert to the example below to see a side by side reference) *Fig1*
*Fig1.*
The premise is, a lot of traders when learning Imbalances and supply, demand - shows the opportunity on smaller timeframes, where price will create ranges for short term hedges and or scalpers, range traders - this will appease to all trader styles.
Weekly Chart
The weekly has shown since March 21 from the low, a reversion identifying a channel to the up and right, which has been clear with subsequent higher lows and in conjunction with this, a high curve from the previous structure, where by price had formed a regression channel against the March low.
There were to specific zones of interest where price will overcome from the Departure and look to the supply imbalance to test the fresh level it had returned from.
Fig.2, shows the curve which was over come from the buying imbalance as well as a look into the weekly structure once breaking forming a lower high upon the retest.
This test subsequently closed below the "purple trendline" creating a new channel which is where proximal sells can be placed to "set and forget".
Fig.2
Daily chart
Awaiting the next move upon price completion;
Ultimately, still holding shorts, but will be awaiting 1.39 before closing out and looking to add once the arrival is clear using the weekly chart.
AUD will pose more pressure as the original level has not been tested yet since 2018 so, any pull back - trade with confirms upon sells, as the DBD is still relevant as a fractal upon the structure.
Keep track of commodities; for references.
Do you enjoy the setups?
Professional analyst with 5+ years experience in the capital markets
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXII
Breakdown:
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged neutral, until the opportunity for a close reaches the profit taking zone. This will be activated as long, where an imbalance is formed and sellers have completed the changing of hands due to purchasing further increments the exhaustive sellers.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. However, note, at current we are awaiting confirmation of a Bearish move.
Master Key for zones
- Red = Three Month
- Blue = Monthly
- Purple = weekly
- Orange = Daily
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.
Key terms
CP - Continuation pattern
DBD - Drop Base Drop
RBR - Rally Base Rally
OP - Original price
DCA - Dollar Cost Average
FL - Fresh Levels
Monthly at current;
EUR AUD since 2017 has seen a high curve this is due to the Original level from 2009 had not been tested allowing the AUD to be considerably weak in terms of exchange rates for the Aussie.
The overall supply and demand curve offers opportunities to sell upon a "step by step" case where three points of pullbacks have allowed the buyers to reach the arrival destination.
Now the price is in a pure down sell upon a very strong curve for a departure, which means upon the fresh level of arrival, price will consolidate and create a new curve within the structure. However, trading comes with confirmations.
Since 1.96 price has developed a large data structure whereby Drop base Drop or DBD scenario has encountered. (Revert to the example below to see a side by side reference) *Fig1*
*Fig1.*
The premise is, a lot of traders when learning Imbalances and supply, demand - shows the opportunity on smaller timeframes, where price will create ranges for short term hedges and or scalpers, range traders - this will appease to all trader styles.
Weekly Chart
The weekly has shown since March 21 from the low, a reversion identifying a channel to the up and right, which has been clear with subsequent higher lows and in conjunction with this, a high curve from the previous structure, where by price had formed a regression channel against the March low.
There were to specific zones of interest where price will overcome from the Departure and look to the supply imbalance to test the fresh level it had returned from.
Fig.2, shows the curve which was over come from the buying imbalance as well as a look into the weekly structure once breaking forming a lower high upon the retest.
This test subsequently closed below the "purple trendline" creating a new channel which is where proximal sells can be placed to "set and forget".
Fig.2
Daily chart
Awaiting the next move upon price completion;
Ultimately, still holding shorts, but will be awaiting 1.39 before closing out and looking to add once the arrival is clear using the weekly chart.
AUD will pose more pressure as the original level has not been tested yet since 2018 so, any pull back - trade with confirms upon sells, as the DBD is still relevant as a fractal upon the structure.
Keep track of commodities; for references.
Do you enjoy the setups?
Professional analyst with 5+ years experience in the capital markets
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXII
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