Hello Fellow Traders, Here is a Full Analysis on AUDNZD.
Possible Head & Shoulders, Reaching the Monthly Resistance / Supply!
Lets wait and see!
The Best way to follow my Analysis is if the following conditions apply.
Conditions - 1. Wait for the Market to Show you some Rejection / Confirmation / Direction 2.Wait for confirmation(Price Action Confirmation Aka . Pinbar , Bullish engulfing / Break of structure Aka Support Or Resistance) 3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND ) 4.Always Use Risk Management (Risk 1% of your capital) 5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation) 6.Trade at own risk. 7.Show some support Below (Like , Comment , Follow & share)
Let Me know if you have any Questions or Comments Below
I am very positive that the pair will continue the move towards the downside (near your TP3 on the chart) as the interest rates, inflation, and bond yields are all higher in NZD compared to AUD.... and central banks are saying that it is very unlikely for them to make significant changes to these... what do you think?
Global_Fx
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@hamedyarimbl, thanks for your comment.. i think in the coming months we will see a boost from the NZD which will cause this Pair to fall to the TP3... but at the end of the day, Price action is KING ... Lets wait and see what happens :)
sshaw2010
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Taking this ride with you. We are 2/2 already so let’s make it 3/3. Thanks for the hard work.
Global_Fx
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@sshaw2010, Lets Make it 3/3 !!! Thanks for your support!
Dave-FX-Hunter
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Nice analysis
Global_Fx
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@Dave-FX-Hunter, Thanks mate, let's hope it plans out for a nice swing :)