AUD/NZD head&shoulders plan

FX:AUDNZD   Australian Dollar / New Zealand Dollar
20 0 0
We're following the AUD/NZD             on the 4 hourly with the idea of seeing a right shoulder forming, generating a short for us at a confluence point between the left shoulder resistance line, the 50% retracement from the move down, the 50 SMA which has been acting as support and resistance prior, and finally the 50 RSI line. Notice the significant divergence between RSI and price prior to the recent move downwards, indicating the pair's momentum is looking very bearish indeed.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out