olly_price

AUDNZD symmetrical triangle with 5 hits

FX_IDC:AUDNZD   AUSTRALIAN DOLLAR / NEW ZEALAND DOLLAR
9 months ago
Symmetrical triangle has been forming on the AUDNZD             pair for 3 months now.

5 strong hit points.

Look for a break to the upside at hit point 6 or a break to the downside at hit point 7 after hit 6.

Profit targets are clearly indicated by green lines and are based on previous structure. The top profit target is unlikely but very hopeful if we get a break to the upside.

9 months ago
Comment: Point 6 hit and closed above the resistance line. Will be watching this closely to determine whether or not to open a long position.
9 months ago
Trade active
9 months ago
Trade closed: stop reached: Tiny loss. Still going to watch this triangle.
9 months ago
Trade active: Long again.
6 months ago
Trade closed: target reached
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