You are here: Home > articles > Forex > Simplified wave analysis of AUD/USD for the week of November 22
Simplified wave analysis of AUD/USD for the week of November 22
November 23, 2018 12:21 amVideo
Latest News
- Trading Signals for EUR/USD for May 3-5, 2024: sell below 1.0803 (overbought – 5/8 Murray) May 3, 2024
- Trading Signals for GOLD for May 3-5, 2024: sell below $2,320 or below $2,300 (21 SMA – 200 EMA) May 3, 2024
- Technical Analysis – GBPUSD advances above descending trendline May 3, 2024
- USD experiences day X May 3, 2024
- Bitcoin licks wounds as Fed comes on the rescue – Crypto News May 3, 2024
- GBP/USD: trading plan for the US session on May 3rd (analysis of morning deals). The pound is preparing to get out of the May 3, 2024
- EUR and GBP may drop May 3, 2024
- EUR/USD: trading plan for the US session on May 3rd (analysis of morning deals). US data will be the key moment of the week May 3, 2024
- USD/JPY: Simple trading tips for novice traders for May 3rd (US session) May 3, 2024
- GBP/USD: Simple trading tips for novice traders for May 3rd (US session) May 3, 2024
- Video market update for May 03, 2024 May 3, 2024
- EUR/USD: Simple trading tips for novice traders on May 3rd (US session) May 3, 2024
- Could the BoE adopt a more dovish stance on Thursday? – Preview May 3, 2024
- EUR/USD. May 3rd. Bulls don’t give up without a fight May 3, 2024
- GBP/USD. May 3rd. Bears are counting on a strong US labor market May 3, 2024
- Market Comment – Stocks enjoy Fed-induced bounce as dollar slips ahead of NFP May 3, 2024
- Weekly Forex Outlook: 03/05/2024 – BoE and RBA decisions headline a calm week May 3, 2024
- Week Ahead – BoE and RBA decisions headline a calm week May 3, 2024
- USD/JPY: trading tips for beginners for European session on May 3 May 3, 2024
- GBP/USD: trading tips for beginners for European session on May 3 May 3, 2024
Wave pattern of H4 chart:
The dominant trend has been developing since the beginning of the current year and refers to the daily scale of the movement. The last 4-hour section forms the final part.
Wave pattern graphics H1:
From the beginning of October, a wave zigzag has been formed towards the main direction. According to its wave level, the area still takes the place of correction of the previous trend segment of the chart.
Wave pattern of the M15 chart:
From November 19, a wave that does not have a turning potential develops downwards. From the estimated support, an increase of the re-price is expected.
Recommended trading strategy:
Due to the increased volatility in the side plane, it is better to refrain from trading in the coming week. Within the framework of intraday, short transactions are permissible according to the described algorithm of movement, but it is more reasonable to reduce the lot.
Resistance zone:
– 0.7340/0.7390
Support zone:
– 0.7200/0.7150
Explanation of figures: the simplified wave analysis uses waves consisting of 3 parts (A-B-C). For the analysis, 3 main TFs are used, on each the last, incomplete wave is analyzed. Zones show calculated areas with the highest probability of reversal.
The arrows indicate wave marking according to the method used by the author. With a solid background showing a structure for determining the expected movement.
Note: The wave algorithm does not take into account the duration of the tool movements over time. To conduct a trade, you need to confirm the signals of the trading systems you use!
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: