{"id":42797,"date":"2013-10-07T10:02:44","date_gmt":"2013-10-07T14:02:44","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=42797"},"modified":"2013-10-07T10:02:44","modified_gmt":"2013-10-07T14:02:44","slug":"high-probability-bull-audusd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/10\/07\/high-probability-bull-audusd\/","title":{"rendered":"High Probability Bull for AUDUSD"},"content":{"rendered":"<p dir=\"ltr\" id=\"docs-internal-guid-3cdcfbea-9337-d9ea-9f6d-8d7e77c0c7e4\"><strong>High Probability Bull for AUDUSD<\/strong><\/p>\n<p dir=\"ltr\"><strong>By StreetPips.com<\/strong><\/p>\n<p dir=\"ltr\">The chart below shows the AUDUSD daily chart with Ichimoku indicator and candlestick patterns drawn.<\/p>\n<p dir=\"ltr\">\n<p dir=\"ltr\"><img decoding=\"async\" alt=\"\" src=\"https:\/\/lh5.googleusercontent.com\/6bz2coXmLRyCq4RpvBnJgwcOudlbb9y1i2Jytx8S6Cr-JgNq0z6WnyEOpj-Yo0VBkolJccwpVexGH0HrxF0Lp8Q4AY84miRrFnvBwn5X79A8ulCdwWoTj2Th-4WNXO_aV6k\" width=\"548px;\" height=\"198px;\" \/><\/p>\n<p dir=\"ltr\">Chart from Bloomberg<\/p>\n<p dir=\"ltr\">After a strong downtrend which lasted from the bearish Kumo break in April all the way till late August, we see a bullish Kumo break right around September 16.The future Kumo also performed a bullish Kumo twist, and the green 9 period Tenkan Sen is also currently well above the red 26 period Kijun Sen. These indicators are painting a potential bullish upstart.<\/p>\n<p dir=\"ltr\">For the bulls, the entry also looks attractive. Prices are retracing towards the flat red Kijun Sen line, after a bearish Belt Hold Line pattern indicated with the red letters \u201cBH\u201d. \u00a0Bearish belt hold opens on high and closes at or near low of candle after a preceding uptrend. The body must be the opposite color of the prevailing trend. There must be a significant gap, no shadow at open and a markedly long body. Right after the bearish BH, prices are heading towards the flat Kijun Sen. \u00a0This offers a retracement entry for a bullish trade.<\/p>\n<p dir=\"ltr\">Further confirmation of a bullish movement can be made with a thickening future Kumo cloud, as well as the lagging black Chikou Span piercing above the Kumo.<\/p>\n<p>&nbsp;<\/p>\n<p dir=\"ltr\"><strong>Written By: <span style=\"text-decoration: underline;\"><a href=\"http:\/\/www.streetpips.com\" target=\"_blank\">Streetpips.com<\/a><\/span><\/strong> &#8211;\u00a0Streetpips.com scans books and websites for trading strategy ideas. We then select those which are programmable, code them, and share these with our members.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>High Probability Bull for AUDUSD By StreetPips.com The chart below shows the AUDUSD daily chart with Ichimoku indicator and candlestick patterns drawn. Chart from Bloomberg After a strong downtrend which lasted from the bearish Kumo break in April all the way till late August, we see a bullish Kumo break right around September 16.The future &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/10\/07\/high-probability-bull-audusd\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;High Probability Bull for AUDUSD&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-42797","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/42797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=42797"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/42797\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=42797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=42797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=42797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}