AUDNZD finally to shift out of descending TL?
AUDNZD has been a weird pair. Ultimate trend down, but stuck in a range for 7 years already, and no breakout in view. For now, I do see it go long, and potentially trap buyers, but we remain neutral on that for now.
Currently, I am eyeing an entry on H1, with the Corrective Pattern broken and potentially getting a retest now. Further confluences are as following:
-H1 Structure
-50%/61% fib retracement
-Breakout of H1 Corrective Pattern
-H4 bullish engulfing
-Seasonal Prime iextremely Bullish
Enter at your own risk and use proper risk management.
Currently, I am eyeing an entry on H1, with the Corrective Pattern broken and potentially getting a retest now. Further confluences are as following:
-H1 Structure
-50%/61% fib retracement
-Breakout of H1 Corrective Pattern
-H4 bullish engulfing
-Seasonal Prime iextremely Bullish
Enter at your own risk and use proper risk management.