Hello everyone,
AUDNZD has recently broken out of the ascending trendline and is retesting it. Its currently making a flag-pattern (or some kind of corrective structure after the breakout; whatever you like to call it). I believe its getting ready to shoot down.
You can sell the breakout:
The candles over the past 12 hours have each had extended wicks aboove the bodies, signaling that this pull back is getting exhausted. Remember, when theres a sharp move (either buy or sell), the pullbacks are caused by traders collecting their profits, before the trend continues.
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SP about to start dropping. Already broke ascending triangle. Perfect for wave to continue now that we are getting confirmations that the structure is not broken
Good intraday long for USDCAD FROM 1.336.
ANYWAY, I'm expeting a break of the highs at 1.342 to short hard for the C leg of the bigger correction.
Let me know on the comments what you guys think!
We've seen a clear bearish momentum happening last week. Now price has pulled back and is forming a bullish flag in lower timeframes. I will be ready to short this at the zone of 1.435 more or less.
Currently short Aussie NZD
Have a great week all. Time to kill the markets.
As I mention on the last analysis on AUD/USD the price goes up to my supply zone and couldn't goes further up.Please adjust the stop loss around 10-15 pip. It has already hit MY PO Sell and ready to hit hard bottom just a matter of time.
Stochastic is already flashing an overbought signal, so y’all better get your trading plans ready in case Aussie bears step up...
Hi everyone! Just wanted to share this idea and the technical analysis with you. Looks like the price is following the weekly dynamic (moving) support level and recently we have witnessed another bounce from that support level. My expectations regarding this pair are the same as before. I still want and hope it to reach 0.77783. Green lines display my vision of...
Price has risen to test a very strong area of resistance.
On the Daily chart a breakout looks imminent, but I favour a move to the short-side
There is great RR, esp if price tags the 0.77406 highs
I will wait for a bearish daily close at these prices before looking to short
There is not much indicator-based support to this idea, hence my cautious approach.
