Hello Traders, here is the full analysis for this pair, drop a like to support the creation of more free analysis and let me know in the comment section below also if you have any questions
the only trouble I have is that my broker uses 'NY close' chart time (day starts with Sydney open). Subsequently my candles on D and below look quite different (for example I have sometimes red candles where yours are green and vice versa as well as shadows and bodies are different in size). I have tried to change the time on Tradingview charts to UTC-4 but even then they are not the same... I am very confused. Does it make a difference? At least if you say 'the wig will be filled' and on my chart there is no wig, it does. and sometimes for the linechart (closing price) it's the same confusion as i.e. trendlines end up at significantly different places (like the upper line of the wedge in this explanation above).
Absolute highs and lows should be the same though and as the weekly and monthly candles should be pretty much the same....
I thought about joining your mentorship program. But would it work with the difference in patterns? I am confused. your opinion would be appreciated.
fc0000
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@encikthomas, Make sure you have the right ticker. You should use FOREXCOM:AUDNZD. If you have the OANDA one for example, you are going to experience the issue you are describing.
Glendoonie
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@fc0000, thanks. I always pick forex.com, but I have to do it each time.
the only trouble I have is that my broker uses 'NY close' chart time (day starts with Sydney open). Subsequently my candles on D and below look quite different (for example I have sometimes red candles where yours are green and vice versa as well as shadows and bodies are different in size). I have tried to change the time on Tradingview charts to UTC-4 but even then they are not the same... I am very confused. Does it make a difference? At least if you say 'the wig will be filled' and on my chart there is no wig, it does. and sometimes for the linechart (closing price) it's the same confusion as i.e. trendlines end up at significantly different places (like the upper line of the wedge in this explanation above).
Absolute highs and lows should be the same though and as the weekly and monthly candles should be pretty much the same....
I thought about joining your mentorship program. But would it work with the difference in patterns? I am confused. your opinion would be appreciated.