M6A1! trade ideas
6A1the market has broken the level 0.78 fibo so there will be a probability of going for level 1 fibo.
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DISCLAIMER: As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Not every idea is a valid trade. This analysis is a trading idea, not a trading signal for you.
M6A Looking for a ShortLooking on the short side given global economic conditions and Australia's first recession in a few decades.
AUSTRALIAN DOLLAR FUTURES (6A1!) Monthly, WeeklyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly and weekly arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
E-Micro AUD/USD Futures LevelsHere are the levels I have for this future:
A. Light Blue: Weekly Levels (W)
B. Green: Daily Levels (D)
C. Purple: Monthly Levels and above (MO)
D. Orange: 3 day levels. (3D).
E. Red: (12 hour levels and below.)
AUD futures possible inverse head and neck6A June looks like an inverse head and shoulders forming with the neckline nicely positioned. I would be watching for a break this week and I would be buying the retest of the most recent high prior to the breakout. It needs to break with some strength. I always watch for a fake break which might stitch up some bullishly biased traders. Target would be the highs reached earlier this week
Chart pattern on AUD/USDBe careful, the pattern can fail, the resistance it's important. So you can work the double strategy.
will keep going upwill keep going up!
buyer stay buyer or take advantage and wait for another strong signal
M6A shortShort M6A at 0.6633.
Stop/Loss: 0.6650
Target: 0.6139
Move S/L to break even at 0.6466.
Move S/L to 0.6466 at 0.6303.
Aussie BuysHave been watching Aussie for a couple weeks waiting for it to return to my Moving Average Area I feel confident in buying as we seem to be holding that area well as of the moment, however if price breaks my blue rectangle area ill start to look for a tactical retreat ill keep you all updated as things change
AUD/USD FUTURES. Double bottom.I think that everything is perfectly visible on the chart without any explanation. I would recommend to buy half anywhere between 0.68-0.7 and another half as soon as we break the downtrend on daily. SL near 0.67, TP 0.73-0.74. However, recent move on DXY might be a problem here cuz it's still in uptrend and looking very strong right now. so risk on ur own and don't forget to check DXY from time to time
