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Ranging Market?
Australian Dollar / New Zealand Dollar
Ranging Market?
By tradeitt
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May 12, 2021
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Cheer
Cheer
May 12, 2021
The price is ranging and respecting the EMA 200 as support
We should wait for further movements and wait for more clear momentum
The circles indicate the use of EMA 200 as support and the rejection of the HH zone above
A pattern which is indicates good momentum is a bullish or bearish engulfing, there's no better pattern than this
Chart Patterns
Trend Analysis
tradeitt
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