AUDUSD looking counter bullish...
Happy new year first of all . Hope you got time to spend with family and friends.My first idea going into new year.
Now lets take a look at audusd.
MONTHLY:
1.Doji HA followed my green HA. But it does have upper and lower wicks.Not the strongest candle imo
2.HA osc still below 0 but rising
3. Stoch still oversold and below 220
4. Now it is bearish overall picture but we can see higher prices short term. Tenkan is at 7530. Prices can try to catch up to it and Kijun can come down a bit as it is too far from price.
WEEKLY:
1. We can see higher highs and lower lows here. Prices most likely going for higher high here.
2. RSI rising here.
4. Stoch and HA soc can see bullish cross here.
5.Overall picture is bearish and this move is counter trend
DAILY:
1.Bullish ichimoku setup
2.200 sma will be first hurdle
3.HA osc above 0 and stoch is rising. 7240 is short term supp.There can be some pullback and consolidation here.
I will be looking for longs here based on 4H chart.
Now lets take a look at audusd.
MONTHLY:
1.Doji HA followed my green HA. But it does have upper and lower wicks.Not the strongest candle imo
2.HA osc still below 0 but rising
3. Stoch still oversold and below 220
4. Now it is bearish overall picture but we can see higher prices short term. Tenkan is at 7530. Prices can try to catch up to it and Kijun can come down a bit as it is too far from price.
WEEKLY:
1. We can see higher highs and lower lows here. Prices most likely going for higher high here.
2. RSI rising here.
4. Stoch and HA soc can see bullish cross here.
5.Overall picture is bearish and this move is counter trend
DAILY:
1.Bullish ichimoku setup
2.200 sma will be first hurdle
3.HA osc above 0 and stoch is rising. 7240 is short term supp.There can be some pullback and consolidation here.
I will be looking for longs here based on 4H chart.