piphunters
Short

AUDNZD: Opportunities not to be missed!

FX:AUDNZD   Australian Dollar/New Zealand Dollar
1070 16 29
The pair is in a weekly corrective structure and looks about to break down which if it does will provide plenty of downside and good opportunity to go short, bounce back up to the top of the weekly structure is not out of question and it too will be worth             going long if we are to bounce.

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Comment:
snapshot
Comment: broke to the downside
piphunters farid_ardavani
thanks for your view and good trading
Reply
Really good chart here! It is slightly worrying that we could see another push up here into that resistance line you have shown, but ultimately a break down is what we are looking for! Do you use any indicators, i.e. RSI, MACD?
AUDNZD BROKEN SUPPORT - SHORT ENTRY
Reply
piphunters lukelehepuu
No indicators, don't worry this is a weekly chart and let the price break or bounce before entering, you'll plenty of chances to make a good entry I believe.
+1 Reply
lukelehepuu piphunters
Technically we have close below the trendline, on the daily we only just closed below. So technically the structure is now invalid and we should see a move down, but who knows :) fantastic charts! got to love these markets :D
+1 Reply
agree sir
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piphunters Wave-Trader
thanks
Reply
you are most welcome sir
Reply
nice analysis!
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piphunters marcus123
thank you
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This is a bullish pattern, don't get fooled by he market.
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piphunters Yahia.Awes
no problem if it gets bullish we buy if it breaks down we sell, right not doing anything.
Reply
nice chart
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thanks
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breakout?
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piphunters mabaert
not yet I would say but it definitely looks to me it will!
Reply
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