AUDUSD can enter the Buy Zone after Relaxation
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AUDUSD 1W Chart :
Terminals in Strong DXY Period(107 Weeks) :
We can observe Tough COT Position Resolution on wide perspective.
This is affirmative for AUDUSD + .
But Economic Reviews and news from especially China will indicate everything.
Terminal Status in Relativity Adaptive Period :
We would have been more confident if the COT Position increase was a little more.
But in fact, at levels that are not to be taken into account.
But the price drop is at a level to consider.
So I suggest small position size.
Because lucrative places with more clues can be put on the table in the future. (After hard declines)
Parameters
ENTRY AREA on Presentation and Effective Point Starts in : 0.66170
NOTE :
AUDUSD Positive means Industrial Metals means positive.
Because Australia's most important commodity source is Iron Ore.
Then comes Gold.
So i want to show Iron Ore's status too on 1W Chart :
As you can see, it holds on to the resistance.
But we see a momentum decrease in my main indicator.
We just got a support from Gold.
That support is concerned about Coronavirus.
For these reasons, I think we can come to these points.
But for the bullish trend, we must first get support from Iron Ore.
Meanwhile, AUDUSD is also a very useful pair for Iron and Steel stock traders. ))
With my best regards..
First of all , if you think this analysis is useful to you,
press the LIKE button after read )
More importantly, let's get into comment sharing!
Let's start.
AUDUSD 1W Chart :
Terminals in Strong DXY Period(107 Weeks) :
We can observe Tough COT Position Resolution on wide perspective.
This is affirmative for AUDUSD + .
But Economic Reviews and news from especially China will indicate everything.
Terminal Status in Relativity Adaptive Period :
We would have been more confident if the COT Position increase was a little more.
But in fact, at levels that are not to be taken into account.
But the price drop is at a level to consider.
So I suggest small position size.
Because lucrative places with more clues can be put on the table in the future. (After hard declines)
Parameters
ENTRY AREA on Presentation and Effective Point Starts in : 0.66170
- Position Size : %0.33
- Risk/Reward Ratio : 1/2
- Stop-Loss : 0.64287
- Goal : 0.69936
NOTE :
AUDUSD Positive means Industrial Metals means positive.
Because Australia's most important commodity source is Iron Ore.
Then comes Gold.
So i want to show Iron Ore's status too on 1W Chart :
As you can see, it holds on to the resistance.
But we see a momentum decrease in my main indicator.
We just got a support from Gold.
That support is concerned about Coronavirus.
For these reasons, I think we can come to these points.
But for the bullish trend, we must first get support from Iron Ore.
Meanwhile, AUDUSD is also a very useful pair for Iron and Steel stock traders. ))
With my best regards..
Order cancelled
Trade closed manually
