To new highs -
The AUDNZD is just seeing his trendline breakout after this pair showed a classic market bottom pattern.
massive RSI divergence, strong momentum candle on the break of the MA and now the run to break the trendline.
The downtrend was fading for some time and the steam has been building up. A successful breakout could offer some great long potential.
The price action around the trendline is the deciding factor and we saw a few failed breakout attempts previously.
massive RSI divergence, strong momentum candle on the break of the MA and now the run to break the trendline.
The downtrend was fading for some time and the steam has been building up. A successful breakout could offer some great long potential.
The price action around the trendline is the deciding factor and we saw a few failed breakout attempts previously.
I have been trading for 15 years!
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
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.
I have been trading for 15 years!
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
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.