We have a bearish bat pattern on the daily time frame and a nice double top, better visible on the H4 chart to add some more confluence to the trade. We also have nice rejections from the S/R area @ 1.37453.The two targets are represented by the green lines and the SL is shown as the red line.
Trade safe :)
AUDNZD still in an upward move. Support at 1.08472 seems to hold and comes at a 0.382 fib retracement level. Looking to buy if H4 candle closes as bullish engulfing, in line with the higher time frame trend (daily)
AUD/NZD is forming a bearish gartley pattern on the M15 chart. I am looking for the pattern to be confirmed at the D-point and looking for signals to go short around this area. The higher time frame context shows decent S/R levels around this area.
Risk to reward (when entering around the D-point): 1:2