AUD/USD Bull on the horizon...

18 янв.

In terms of trading analysis, I am a strong advocate for taking a long-term approach and striving to gain the best possible insight into where the market may be heading in the coming quarters (and in some cases even further ahead).

Identifying the overall direction of the market is a critical factor not just in positioning oneself for high-percentage gains but also in increasing profits while reducing trade frequency.

I have already shared my EUR/USD outlook video, but I would also like to share my ideas here regarding both the GBP/USD and AUD/USD pairs.

While my main focus is typically on the EUR/USD, I do occasionally explore other pairs if there are promising opportunities.

The GBP/USD setup is a large falling wedge which typically calls for a move to the upside. Coupled with a up trending MACD which further gives this further strength of a possible bullish move.

The AUD/USD setup is a large falling Descending triangle which typically calls for a move to the upside. Coupled with a up trending MACD which gives this further strength of a possible bullish move.


Projected target on the GBP/USD is 1.4000.
Projected target on the AUD/USD is 0.7700 (possibly extended to 0.8000..