nakedchartist
Short

AUDNZD potential top of ED channel

FX:AUDNZD   Australian Dollar / New Zealand Dollar
I am very interested in this big pattern play.
ON Day Chart there is a huge ed channel, near fib5 retracement of a large downflow.
Purple box denotes a 4 weeks flat high. I am monitoring for a sign of bull trap/ distributive chart pattern to short this when it goes below this 4 weeks high level.
on h1 i see a rising channel with higher high, but yet on the rsi ( my preferred is macd ) , instead i see a lower low.
There is a possible pincer channel so I am watching this cricle to get in with a small SL.
this one kept going up and up, I have got this bias wrong, but there was no trigger. There was no setup to go long as well so i guess not that bad.
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
简体中文
繁體中文
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