AUDUSD - 1500 Pips+ Let us catch some sharks!

2018年1月9日

AUDUSD - 9thJan 2018

Hi, Excited to come up with the first video on AUDUSD for the year 2018. You would be wondering what are these - Great White , Port Jackson, Zebra, Thresher, Tiger, Oceanic White, Great Hammerhead, Grey Nurse. Is it some kind of zoo- correct! - If I would have been in your place would have had same thought process & imagination but let us not allow our imagination to run & fly -hold ourself.

Well, if you google them you will get to know that these are shark species found in Australia which are dangerous to catch & some of them even have state wide ban as well for catching like Great White & Grey Nurse.

As an Analyst and Trader, I am just bothered about only 2 species - bearish shark & bullish shark & these days there are lot of bearish sharks in Australian Dollar Waves.

To catch these sharks we need TFR - Trader's fishing rod & before we even do that - we need to find them using Analyst Spectacles.

Before we dip into current structure to catch these sharks. Let me just tell you some basics about TradingView Platform. Visibility Factor which is most important to find these sharks - If they are not visible - you cannot find them & if you cannot find them - How will you catch them- as simple as that......

Unlike sharks available in Australia they are huge in size & hence visible but sharks which are seen & available in our markets can deceive a trader & analyst so you need to have proper visibility factor or shoud be able to use visibility feature to find & catch these sharks.

1500 Pips+ Let us catch some sharks - Are you ready ! So, let's begin...............

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Can the bearish shark from 0.7875 give us another big move - likely expecting to travel to 0.7200 & below 0.7200 for 0.6800 levels next holding 0.7875 as top or near by top.

2018年1月10日

交易進行

20:06 Hrs 10th Jan2018

Last Price@0.7833

Got chance to sell close to tops@0.7875 at 0.7865

2018年1月11日

交易進行

08:45 Hrs 11th Jan2018

Last Price@0.7868

Top isn't confirmed yet as it is doing whipsaw moves up & down between 0.7880-0.7900

Next - We will sell below 0.7865 keeping strict stops above 0.7900 - It should not sustain above 0.7900 mark else we need to come back again to check the structure.

2018年1月11日

交易進行

13:26 Hrs 11th Jan2018

Last Price@0.7865

Let us wait for some more time as it poked & got new high@0.7885- waiting at sidelines.

2018年1月11日

交易進行

18:44 Hrs 11th Jan2018

Last Price@0.7867

Bigger Picture

Possible Wedge formation could end the structure close to 0.7898 -previous highs shown as red horizontal line in bigger picture snapshot.


Wedge formation zoomed in 30 mins snapshot - looks like we are heading close to a top if correct then guys be ready & tighten your seat belts as going below 0.7855-0.7860 after making new highs close to 0.7897 or slightly upside but below 0.7925 at max

So, fall could take first to 7810 as initial target where it likely will hold if it starts falling from wedge structure as suggested.

Bigger Picture


Wedge Formation

2018年1月12日

交易進行

06:54 Hrs 12th Jan2018

Last Price@0.7889

Wow! as expected we got the upside leg making new high@0.7905- falling below 0.7880 & 0.7855 shall be the clue for a possible top as discussed overnight.

Short Term Chart - 30 Mins



Long Term Chart - Weekly

2018年1月13日

交易進行

14:07 Hrs 13th Jan2018

Last Price@0.7913

Had a fall from 0.7905 but did not sustain below 0.7855 lows as expected - making a low@0.7848 & turned upside for new highs@0.7913

We shall wait next to see how it moves in next week session & later decide the entry point.

2018年1月19日

交易進行

20:16 Hrs 19th Jan2018

Last Price@0.8005

Recent High@0.8039 - We have final shark below 0.8125 Highs & pattern turns complete bullish as going above 0.8125 - we will search for bullish opportunities on every dip that is alternate strategy

Current Strategy

There is a bearish shark & this update is all about catching sharks so here we have final shark - going below 0.7990 - we will sell & once it falls deep then we will trail the stops to cost @0.7990 so that we don't lose anything. Have a nice weekend.

2018年1月23日

交易進行

11:19 Hrs 23rd Jan2018

Last Price@0.7991

Holding above 0.7978 - can have short term bounce -again small shark for a bounce to 0.8030 highs as small upside target

2018年1月23日

交易進行

19:49 Hrs 23rd Jan2018

Last Price@0.7970

Dipped below 0.7960 & bouncing - doing zigzag structure we will wait for the bounce above 0.7970 likely holding below 0.8030 (key resistance level) - searching to sell on bounce next.

2018年1月23日

交易進行

21:34 Hrs 23rd Jan2018

Last Price@0.7990

Got a bounce of 20-30 pips from o.7970 to 0.7998 - Next holding below 0.8000 - shall be looking for a fall which can take the pair below 0.7960 Next but with strict stops above 0.8000

2018年1月26日

交易進行

18:48 Hrs 26th Jan2018

Last Price@0.8088

No sell positions above 0.8000 mark - pushed upside to 0.8119 highs which is very close to the highs of 0.8125 where this fall started to 0.7500 mark.

We shall sell again once it drops below 0.8074 with strict stops above 0.8100

2018年1月26日

交易進行

21:20 Hrs 26th Jan2018

Last Price@0.8099

Gave a small move below 0.8074 to 0.8061 - need to sustain below 0.8074 for us to consider deep downside move else shall wait outside.

2018年2月6日

交易進行

13:03 Hrs 6th Feb2018

Last Price@0.7862

Sustains below 0.8074 as suggested last & Global Markets Crack which is just an initial sign of the fall

2018年2月8日

交易進行

19:35 Hrs 8th Feb2018

Last Price@0.7820

Next Sell below 0.7785 or we wait for the bounce in the zone 0.7910 - 0.7915 if faces resistance upside then we need to check for selling

2018年2月12日

交易進行

20:15 Hrs 12th Feb2018

Last Price@0.7840

No shorts / sell positions above 0.7810 -some retracements are required for the fall from 0.8135- 0.8119 zone

2018年2月14日

交易進行

19:03 Hrs 14th Feb2018

Last Price@0.7800

Falling Sharply below 0.7825 -earlier bounce expected which took pair to 7890 highs so be careful as it could move in downside direction below 7825

2018年2月22日

交易進行

06:45 Hrs 22nd Feb2018

Last Price@0.7795

High possibility of forming a head & shoulder pattern with right shoulder pending - holding above 0.7770

2018年3月1日

交易進行

14:59 Hrs 1st March2018

Last Price@0.7725

Falllllllll started from Right Shoulder Top @0.7890 - pair first pushed upside @0.7800 to 0.7890 & fall from 7890 to 7725 - At 7600 - Head to Neckline Vertical Distance will be completed.

2018年3月16日

交易進行

20:45 Hrs 16th March 2018

Last Price@0.7723

Zone of 0.7890 - 0.7900 has been crucial zone - we got another impulsive leg downside which can travel close to 0.7600 & lower @0.7555