This pair is textbook ACD. It's long term trend ended right at the QTR A level to the tick. Has an early cycle monthly confirm. Number line confirm (first one in a long while). You guys have heard this stuff before right (X)? Well, more of the same here...
I'm going to give this some time so others can jump in. This is EXACTLY what I like about ACD. It exposes value where others are oblivious to it. If this pair were obvious, then ACD would simply be telling me what the market already knows and would provide no value. One of the things that will make you a better trader is finding value as others walk right by and don't even notice.
I was thinking this pair too...but dont have my levels and lines to check. makes sense with the surprise change in political environment.
Good job guys. It IS the Aussie(AUD/USD). The QTR A down was 8868 which it bounced off of twice. The monthly A up was 9117 and we just got a 30 day confirm (first one since Jan I believe). And yes, the new political leadership in Australia makes this even more compelling. The QTR A up is 9416 but the real target level is par which coincidentally also happened to be the yearly A down.
Yeah GBP/JPY and EUR/JPY are both in confirmed number lines and have been for awhile. Their buy signals were awhile ago. Those were a little more obvious so I didn't mention them.