AUD/NZD The Waiting Game

Australian Dollar/New Zealand DollarFXCM

Description

⋅ Apr 11, 2016 8:34 AM

Chart: 4 Hour Time Frame
Market: Bearish Trend

Bearish Indicators
1. Descending triangle chart patter
2. Lower highs

Because there's not enough evidence to support a short entry, it's best to wait until a signal can be confirmed
on the daily, 4 hourly & hourly time frame. Our expectation overall is bearish.

Note: Awaiting confirmation. On the sidelines for now.

Agree / Disagree? Comment Below!