Hello friends this market already H&S so market long possible .
AUDNZD H4 chart. The currency pair forms an inverted GUI and "supply and demand" zones. The price movement plan is shown on the chart.
Price is forming a head and shoulders pattern, timing with ichimoku kinko hyo, price has bottomed.
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:...
Double bottom bounce up, bigger view head shoulder pattern develop right shoulder. Possible breakout down channel.
Put this together Friday evening but did not want to post it looking like a fool. Took me a while to put this together and summarized it would break further and pivot back up. Please put your input in whether or not this was accurate or just luck!
After confirmed by an impulse above the neck line ,wait for a retest on the neck line ,then long the pair to the nearest resistance above it
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AUD_NZD HIT RESISTANCE, TRADING ALONG SUPPORT, WAIT FOR BREAKOUT (1) Short after breakout confirmed (2) SL, tp as on the chart (3) No breakout no trade ___________________________ LIKE and SUBSCRIBE for LUV
- Rejection of 4HR 50MA - Lower lows - Cross of 200/50MA on 1hour - Pullback to 0.786 for better RR
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
It breaks the bottom of double top top and now retest it