AUDNZD picking up supply
It currently looks as if AUDNZD is able to pick up new short sellers after price dipped into the supply area starting at 1.072. At the same time, we saw a double top with two close by swing highs.
We are missing a momentum-shift candle (a large red candle) that breaks the 20 SMA to complete this reversal pattern.
We are missing a momentum-shift candle (a large red candle) that breaks the 20 SMA to complete this reversal pattern.
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> 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.