This is a follow up to my medium term outlook for the AUDUSD as posted on May 16th: That Green Wave 3 possibility has become a reality. Now waiting for a retrace to add more longs. I dont anticipate much of a retrace for wave 4, as wave 2 was quite deep. Let's see how this retrace goes.
This is an idea to ADD to my Shorts. I originally went short per this plan: Now looking for spots to add more shorts, because I am pretty sure it will dip some more, hopefully to the targets shown.
Have been heavily short for a while now. Looking to add more shorts on bounces as I think it will drop more. My entry points are based on Fib Calculations and Confluences thereof. This entry triggered by this plan: My shorts first started with this plan:
Looking for a little more down for a bounce to start Wave 5. Will be watching the action around the blue Fib zone
These zones are calculated from various Fib ratios in recent price action. The chart is magnified vertically to reduce overlapping prices on my zones - adjust vertical magnification by dragging on the right-side scale on chart. There are zones above and below the current price range show - so drag chart up and down to see others. I will add updates as new...
This is an attempt to add to my long position from this Idea: This entry was based on retrace to the Apex of the Triangle that formed earlier
Trying again. The 2.618 extension looks to be rejecting strongly.
Looks like will be rejected from my Fib zones, looking to add to my long term short position I was actually waiting for higher targets to short, but it is looking weak. If it I get stopped out on this small position, will look back to the two zones originally marked.
These zones are calculated from various Fib ratios in recent price action. The chart is magnified vertically to reduce overlapping prices on my zones - adjust vertical magnification by dragging on the right-side scale on chart. There are zones above and below the current price range show - so drag chart up and down to see others. I will add updates as new...
These zones are calculated from Fibonacci ratios of the price action. If the prices are overlapping and hard to see, DRAG the Vertical Axis on chart of Magnify Vertically. There are other zones above and below current display, which will appear if you drag chart up or down. I will add updates with more Fine Tuned zones as price action reveals them.
These are price zones that Fibonacci analysis show to be important points. Chart is expanded vertically to reduce overlap in price labels. There are zones above and below currently display, drag chart around. - - See the Related Ideas below for ideas on how I use such zones.
Kinda Brave, (maybe foolish) but I really think UJ might be going back up. Will try a small bit here
Looking at a couple of zones that might cause next leg down. Will update and fine tune the numbers are things progress.
Watching my two support zones for possible bounce. I think will be a 5 wave move down. I might enter a scalp to try and catch wave 4 up. But likely will wait for wave 5 to complete, and ride the correction back up.
Based on my Fib calculations, and give the momentum of the down move, I am not sure it is done yet. A re-test of the 7k round number is quite conceivable, and perhaps the IDEAL scenario for HODLers. Maybe we are done for now, but BTC does not do V bottoms this year. So am prepared for a rounded bottom, perhaps after dropping to 7k and hovering there for a week or so?
These bands are derived from my analysis of the Fibs. I use both Retracement values as well as Extension values. Lately the Extensions are proving more accurate.
Will be watching the three possible support zones for possible signs of a bounce,
Trying a new method to display Zones on a chart without have my drawing scroll off with the chart. The price zones are precisely calculated but of course the nearby ''round'' number is worth observing. BTC dove through distances where I did not see any such zones. Now that I see a number of bands below price, I think we are close or getting close to a 'Bottom'...