I have spent the last 4 hours analysing AUDUSD
on monthly, weekly, daily and 4 hourly timeframes. I have a rough idea where price is heading over the next 40 years. I seriously recommend everyone to always spend some time analysing the larger timeframes for any pair before drilling down to the lower ones. My analysis and the system I'm working on is based on price action at its core.
I have spent the last weeks on EURUSD
only, but it's time to add AUDUSD
into the mix.
As for our 300-500 pips move down, I believe it is almost upon us.
The question I have is, does it start on Monday or Tuesday.
Hopefully my system will give us a nice Sell signal to go by.