Get started
justagirllearningtotrade

AUDNZD FINISHING CORRECTIVE STRUCTURE

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
justagirllearningtotrade  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Multiple Time Frame Analysis Fibonacci Trend Lines audnzdshort audnzdsell Fibonacci Extension multitimeframeanalysis
3
0
mtfa fibonacci trendline audnzdshort audnzdsell fibonacciextension multitimeframeanalysis
It looks like this pair is finishing out it's corrective ABC structure. Price has broken through an uptrendline and looks to be testing the backside of it. Using the fib tool, for the short term, I'd be looking for price to travel to the beginning of the uptrend. Long term, the matching extension is 1.0300. Entering a market order for a sell.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.