previous history of AUD/USD sugest that on 1hr time frame it first sells off with heavy intensity then it retraces back to the level of 61.8%. Then after it will continues to go down so here is the plan
my point of view on dxy index is bullish and it is inversely proportional to aud/usd. at the same time recently aud/usd shows such a pattern as per drawn by me in charts. as a analyst and trader i know history will repeat itself . so here is a plan
measure trend of eur/usd is down according to history data dxy index takeoff from runway without retracement so inverse effect will showcase on eur/usd also the history of eur/usd shows behavioural pattern as per shown by me in drawn charts
the very basic point of view about my stratagy is that it is base on history data of that respective pair now in aud/usd as per my drawing youcan clearly see what is it's behavioural history toward market price movement so lets wait and watch for our set up to form
on the basis of history data it has measure trend down side and also the same pattern it showed in recent trend so here is what i see
recent history of usd/cad suggest during its downfall it make range and then break it to down side so here is the plan
as per eur/usd history data and price action movement concern eur/usd looks good on short side
it is forming trap for retailers as per shown in chart and at the same time dxy index looks bullish to me so here is the plan
USD/CAD is in uptrend and it generally seems whenever it breaks down on lower side it bounces back with fully powered candles and never turns back once it breaking resistance level
1.measure trend is up 2.during formation of range it breaks previous support or resistance and trap the breakout traders 3.from history data analysis we are ready to buy at support brakage
in trading history data is everything and after analysing history eur/usd looks good on short side whenever downslide happens in eur/usd it makes one range then trap downside goes up then trap upsiders and then continues its downtrend so here is what i see
usd/cad is in strong uptrend this days and i realise after making up trend it generally trao the retailers on downside by showing them breakdown and surprise happens it continue its uptrend by traping them
as usually after analysing history data it sugest that it first gives v-shape pattern then retraces to nearly 50% the consolidates and goes up so here is in charts what i see
after analysing history moves of AUS/USD i realize during a sharp fall it continues with some hault (flag and poll pattern). it doesn't make any trap for retail traders on lower high. so is what i see in chart
measure trnd dominates over minior trend so here is what i see