AUDNZD - Buy opportunity seems almost ready

The market hasn't over so many opportunities at the moment a that is worth to trade in my opinion. Lately, .. the market has just gone very corrective that has last for several weeks startingin early Novermber. Nevertheless, AUDNZD pair is still something to keep our eyes on, in my opinion.

This pair has reach the daily double bottom area (inflection point) while forming a corrective descending structure (Falling Wedge like). The price even pierced through that area..

What interesting is, when the price pierced through it, it quickly gone back up in a impulsive manner. Its usually a signal from the market that the bearish move is just a fake move to catch people on the wrong side of the market.

In addition, after this rejection the market has now forming what appear to like a bullish continuation flag pattern on H4 TF. This is enough sign for me that the market want to continue to the upside if it breaks this bullish flag.

I set a stop order entry on the break of this bullish flag structure, with sl below the flag. 1st target is 1.06800 with the break above that opening the potential of the price go to 1.07500 and even 1.10500.

Lets see how will this pair develop. Good Luck..


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Here is the MOA FX technical analysis, please comment below if you have any question.

The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.

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Comment:

The market hasn't *offer* so many opportunities at the moment a that is worth to trade in my opinion. Lately, .. the market has just gone very corrective that has last for several weeks startingin early Novermber. Nevertheless, AUDNZD pair is still something to keep our eyes on, in my opinion.

This pair has reach the daily double bottom area (inflection point) while forming a corrective descending structure ( Falling Wedge like). The price even pierced through that area..

What interesting is, when the price pierced through it, it quickly gone back up in a impulsive manner. Its usually a signal from the market that the bearish move is just a fake move to catch people on the wrong side of the market.

In addition, after this rejection the market has now forming what appear to like a bullish continuation flag pattern on H4 TF. This is enough sign for me that the market want to continue to the upside if it breaks this bullish flag .

I set a stop order entry on the break of this bullish flag structure, with sl below the flag. 1st target is 1.06800 with the break above that opening the potential of the price go to 1.07500 and even 1.10500.

Lets see how will this pair develop. Good Luck..


__________________________________________________________________________________________________________________________________________________________________
Here is the MOA FX technical analysis , please comment below if you have any question.

The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.

__________________________________________________________________________________________________________________________________________________________________

Comment:

Trade Active..

Comment:

Running quite nicely right now. I trail my sl to 1.05750 to lock some profit..

Comment:

Running quite nicely right now. I trail my sl to 1.06000 to lock some profit..

Trade closed manually:

I close this trade now at +1.2% after seein some short term reversal signal from the pricee. I will enter again at the bottom