Get started
Phils_Ocean

AUDNZD Wave Analysis - Weekly momentum kicking in

Long
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
Phils_Ocean  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Elliott Wave financialfreedomtrading priceaction
12
1
trendanalysis elliottwaves financialfreedomtrading priceaction
The weekly momentum is finally kicking in. After the fake breakout on the weekly TF we had a retracement the whole week.

Long term perspective:
AUDNZD Weekly Fakeout

We now got:

  • Retracement to 61% fibonacci level
  • 5-Wave structure to support
  • RSI-Divergence on 1H
  • Oversold indicators on 4H
  • Price action candlestick signal at support



Related Ideas

Phils_Ocean
AUDNZD Weekly Fakeout
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.