I trade a variety of markets, and for analysis to help make trade decisions, I do a unique form of cycle analysis that uses certain multiples of lunar months that by comparing historical data, you can determine the direction of price movement in advance. It does have it's drawbacks. It is not perfectly accurate, and it doesn't tell you how far price may move. The following post will be my first trade showing my cycle analysis and what I expect.
I'm looking to go long euraud after the 5 pm volatility and wide spread is over. The attachment is my cycle analysis, that suggest price could move higher. I will close the trade before Friday's close for the weekend.
Bought at the market. I liked that price bounced off the fib extension on the 15 minute chart. Wait and see what happens.