AUDUSD Kihon Suchi 65
AUDUSD has been in Range mode since the 4th May 2022.
Price appears to be moving in a Descending Triangle in a P Wave structure.
Given Price is below an established Kumo , the sentiment is bearish overall for this pair.
The possible scenario for next week is
1. Price retracing back towards the Kijun Sen , breaking into the Kumo and testing the Intra channel Down Trendline.
2. The movement will be an I wave to complete a small 3 wave N pattern.
3. The fib expansion indicates this I wave could move between .7114 and .7175
3. There should be some Consolidation in the Kumo for a few days.
Into the Following week -
4. Then look for price to turn down on or near the Kihon Suchi 65 day candle and retest the support level at .6850.
Price appears to be moving in a Descending Triangle in a P Wave structure.
Given Price is below an established Kumo , the sentiment is bearish overall for this pair.
The possible scenario for next week is
1. Price retracing back towards the Kijun Sen , breaking into the Kumo and testing the Intra channel Down Trendline.
2. The movement will be an I wave to complete a small 3 wave N pattern.
3. The fib expansion indicates this I wave could move between .7114 and .7175
3. There should be some Consolidation in the Kumo for a few days.
Into the Following week -
4. Then look for price to turn down on or near the Kihon Suchi 65 day candle and retest the support level at .6850.
Clause de non-responsabilité
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.