Technician

AUDNZD: Could Provide a Trading Signal

FX:AUDNZD   Australian Dollar / New Zealand Dollar
603 4 7
Waiting for a potential trading signal here.

Explanation:
The price is trading within a sideways range illustrated on chart by the rectangle box among 1.0945-1.0550 areas, where price hit the upper ceiling of the range before retreating lower again, a break back below 1.0735 support area would confirm a head and shoulders top pattern, and i would be shorting targeting 1.0615 and 1.0550 as next targets . Alternatively, as we hit this key support at 1.0735, a pin bar , hammer or any rejection candle could provide a new long signal targeting 1.0870 and 1.0945 levels.

I will be providing updates on this potential trade if possible.

Good Luck, Join me @ https://twitter.com/thefxchannel
MEGA 70% DISCOUNT ON 3 AND 6 MONTHS PACKAGES . Get it before offer expires : https://thefxchannel.com
Thanks for bringing this to our attention. I spotted this setup yesterday, although, only the inverted HS. Let's wait and see how this turns out.

Good luck!
Reply
:) thx
Reply
I'm still holding half of the position I built up, with a stop under the support you outlined. I believe for now it's gonna move sideways, rather than up or down.
Reply
Technician TOP vlad.adrian
Could be, but anyway I will wait for a confirmation for the potential trade.
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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