week8 Looking at AUD crosses correlation via chart patterns

Over the years, I have developed an affinity towards AUD crosses. They have become pairs that I have increased understanding on.

Looking at the next few weeks, I am looking at potential final reversal for aud before a larger upmove.

Documenting charts for AUDSGD , AUDUSD , GBPAUD , EURAUD

D1 AUDSGD

shows a potential ihs. Watching it closely.

week8 AUDSGD D1 ihs 200214

D1 AUDUSD shows a similar ihs acumulative pattern. Will the right shoulder be formed?

week8 AUDUSD D1 potential ihs line chart 201214

D1 EURAUD

week7 euraud h4 plan to long towards right shoulder 140214

Will see if these right shoulders materialize.

updated 220214

EURAUD Monthly chart

Tracking the key levels for EURAUD on the monthly chart.
It is very obvious price has reached a cluster of resistance based on 52 weeks high and low.

week9 EURAUD monthly w1 high n low 220214

D1

What is more intriguing is that a distributive chart pattern seems to be formed , with its anatomies based on the key levels.
The neckline , left shoulder , fib6+ w1 level seems to be confluence with a potential top of right shoulder.

week9 EURAUD D1 hns tracking it 220214

If price really plays out this way, then it is a very strong signal and strong conviction that
this is an A+ grade setup.

A WORD OF CAUTION:

EVEN THOUGH THE SETUP MAY COME AS PLANNED EXACTLY, I MUST NOT BE OVER ARROGANT TO BELIEVE THAT
THIS SETUP WILL WORK 100%.
I MUST, AT THE SAME TIME, BE HUMBLE ENOUGH TO KNOW IT MAY NOT WORK OUT AND MAY EVENTUALLY BE INVALIDATED. IF SO, TAKE A LOSS N WALK AWAY.
HAVE THE CONVICTION, BUT STAY HUMBLE AT THE SAME TIME.

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