AUDUSD Technical Analysis 15.09 - 29.09 : Bullish Ranging - page 2

[Sergey Golubev]

AUDUSD H4 price came to inside Ichimoku cloud and the trend was changed from flat to ranging :

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AUDUSD, H4, 2013.09.26

MetaQuotes Software Corp., MetaTrader 5, Demo

audusd h4 ranging

If Chinkou Span line will cross the price so we may have good uptrend for AUDUSD for H4 timerframe

[Sergey Golubev]

This is good example about how to use DeMarker indicator (read here for more info about how to trade) :

• AUDUSD
  
  

• Demarker with period = 14 and with levels 0.3; 0.5 and 0.7

• The chart with the following properties (press F8) : bull candle in blue color, bear candle in read color (see image)

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AUDUSD, H1, 2013.09.27

MetaQuotes Software Corp., MetaTrader 5, Demo

AUDUSD H1 Demarker indicator using

[Sergey Golubev]

The name of this thread is Bullish Ranging. But if we are talking about H4 timeframe so it is bearish ranging :

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AUDUSD, H4, 2013.09.27

MetaQuotes Software Corp., MetaTrader 5, Demo

ranging bearish

Why bearish? Because the price is inside Ichimoku cloud (=bearish) ... and the other comments - see this image :

[Sergey Golubev]

I uploaded the image on this thread/page concerning Demarker indicator and we can see that I opened one trade on that time. The trade was opened with Demarker indicator's rule. I am having 60 pips in profit for now by this trade - see the image :

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AUDUSD, M5, 2013.09.27

MetaQuotes Software Corp., MetaTrader 5, Demo

60 pips on equity for AUDUSD

[Sergey Golubev]

This is about where Demarker indicator was on that time (in the time to open sell trade) :

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AUDUSD, M5, 2013.09.27

MetaQuotes Software Corp., MetaTrader 5, Demo

AUDUSD M5 with Demarker indicator

[Sergey Golubev]

I will make technical analysis for USDJPY for the next week but for now - just to finish with AUDUSD - I am recommending to read this small article concerning AUDUSD for the next week - Stong & Weak: Australian Dollar Weakness in Focus