AUD/NZD Looking for Kumo Breakout Trade on the Daily

FX:AUDNZD   Australian Dollar / New Zealand Dollar
29 0 1
The AUD/NZD             is trading in a tight range this week, the pair looks to be unable to push back from the recent impulsive bear move. This type of sequence is often labeled as a bearish rectangle continuation pattern. We're looking at the sequence of shooting stars as a bearish indication coupled with sub 50 RSI level; a break and close below the cloud, below the ascending price trend-line and ascending RSI trend-line will be enough to trigger us short. Our initial target will be at around the 2 to 1 risk:reward at the 1.092 lows.
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
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out