MujkanovicFX
Short

What a nice pair to trade! AUDNZD non-failure swing on its way?

FX:AUDNZD   Australian Dollar / New Zealand Dollar
A chart tells thousand words. The pair completed a pullback to the longer-term trendline and formed a fresh lower low on the daily chart . Some traders may find this enough to enter with a short position, but I like to have some additional confirmation. A lower low doesn't necessarily mean a lower high, since the price can still go to the upside and create a higher high instead. That's why I would like for a non-failure swing, which would be a new lower high as shown on the chart. A short trigger would be the break below the recent lower low (shown on chart). Notice that a fresh lower high would imply a head and shoulders pattern.
Check our website -> https://www.commafx.com -> and join our free Telegram channel to receive new trade setups, market commentary, ideas and more!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out