Friday, March 7, 2014

AUDUSD Update : What is it up to? (0.93 perhaps, then a Bearish Cypher / Continuation to New lows)

AUDUSD Update : What is it up to?

(Up to 0.93 perhaps, then a Bearish Cypher / Continuation to New lows)


Daily Chart


Finally the Aussie broke out to the upside from the range yesterday which was according to my bullish short term sentiment since 2 wks ago. Using the Ichimoku clouds on the daily also proves that we could now be in a bull run, and yes! we finally broke out and close above and out of the clouds.
What do i see upcoming, i see the aussie push towards the 0.93 handle (0.9330 to be exact), and from there it looks juicy as there is various confluence of fib levels and as you can see from my chart a potential cypher pattern. (we are now on the c to d leg)
Hopefully the points i noted on the chart explains it all.
Cheers

Outlook Trade opportunity

Potential Cypher
But could ride the aussie up






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