AUDNZD - Head and Shoulders Pattern at Structure Level

FX:AUDNZD   Australian Dollar / New Zealand Dollar
Trading Confluence
  • Price is at 4-Hours Structure Level
  • Head and Shoulders Pattern indicate lack of buying pressure
  • Minor Trendline is broken
  • RSI Divergence

Trade Forecast
We will consider going short if price break below the local structure level (Blue zone) and looking to enter the trade on a retest of the local structure level targeting 1.06528 level.

Head Over to Trade Revenue Pro to Learn How to Trade Forex Profitable Way.


Nice work with head and shoulder.
Please let me know what you think of my idea
@Lizabet, It seems like you're planning to buy at minor support level from the 4-hour timeframe, right? How are you planning to buy from that level? Are you just placing pending orders (which is not a good idea) or are you waiting for confirmation before you place orders? That's the conservative way to go. I 'm going conservatively. The way you trade here is entirely up to you and your trading strategy.
Ok dear let's see
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out