AUDNZD-H4-head and shoulders pattern
Price is bouncing from the neckline.
We can see also a previous double divergence on AO showing bearish pressure. A rising trendline already broken.
Watch the NZD rate news on wednesday.
Best regards.
*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
We can see also a previous double divergence on AO showing bearish pressure. A rising trendline already broken.
Watch the NZD rate news on wednesday.
Best regards.
*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
Comment:
Today we have NZD rate news. The forecast is that rate will be cut to 2.5%. I want to play safe and close all positions here. I have other AUD trades open (AUDJPY, AUDCHF).