AUD/NZD breaks above channel top, outlook bullish
AUD/NZD trades with a bullish bias. Scope for test of 1.0895. Bullish invalidation only on retrace below channel top.
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AUDNZD 4H timeframe analysis, the overall market structure is a sell but right now is gonna come up for retracement before it'll continue to move down.
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Thank you for reading this idea! I hope it's been useful to you and some of us will turn it into...
The outlined white arrow pathway is the predicted pathway that the AUDNZD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where AUDNZD will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS...
We are in the support zone, hopefully that 2 bounces from the past will be happening again this time.
Trade Idea
1.) Rsi - set up similar to the past patterns
2.) Macd - Signal crossed and
3.) RR 2.5
Note;
Trade with cares !
My opinion is that the market is in an uptrend and we're currently in a retracement where buyers have another opportunity to enter and exit the market for a TP. I have identified 2 places where you may wish to do a buy either at leg B OR you can decide to wait for market to go lower before buying in again at leg D.
My labelled zones are only a rough idea of where...
AUD/NZD 1H Chart: Breakout from symmetrical triangle
In early hours of this trading session the currency exchange rate made a breakout from symmetrical triangle pattern amid the pressure from 55-, 100- and 200-hour SMAs. In result of this downfall the pair has formed a minor descending channel, which is should guide movement of the pair at least until release of...
