head and shoulers pattern forming on the AUD/NZD 30 min chart
Price bounced back from trend line support. Trend is bullish unless the invalidation level hits. Target is 1.618% Fib extension near the trendline resistance. Disclaimer:- Investment in financial instruments carries a high level of risk, and may not be suitable for all investors. You can even lose all of your investment. So invest money that you cannot afford to...
possible shs here....entry after neck break...
- Short at 0.382 fib - Shorting for slight pull back, maybe reversal. - Potential Break of 60 min trendline
AUD/NZD builds on previous week's gains, up 0.13 percent on the day till now. The pair is trading with a bullish bias, scope for test of 200-DMA at 1.0714. The pair has broken series of major resistances - 1.0485 (50-DMA), 1.0490 (50% Fib), 1.05 (trendline). Upside is struggling at 100-DMA currently at 1.0528. We find series of stiff resistance upto 1.0550...
Upbeat comments from new RBA governor Lowe, in his testimony before the parliament support the Aussie. Broad based commodities rally also buoyed the sentiment around the resource-linked currency. On the other side, NZD subdued after RBNZ held rates earlier today but kept alive speculation about future rate cuts. AUD/NZD has broken major resistances - 20-DMA at...
AN break looks to be making a pullback 1) RSI divergence 2) MACD4C divergence 3) 10 MA crossover 4) Structure breakout SL @ 50 pips TP1 @ 90 pips TP2 @ 150 pips
Trend continuation opportunities @ previous structure gives low risk high reward set ups. Stops above previous highs. Conventional targets @ a 0.382% ret, and the 0.618% ret for the bat pattern. If you chose to use structure for targets, wait for a retest of the lows, and or an extension.
I recounted this. We haven't yet seen an impulse up from the lovely purple ED, so price may squiggle down for another low. It would have to explode higher then for this count to be valid. The weekly chart still looks like a low is near. The alternative is a gloom boom and doom scenario.
It looks like a low may be in for this enormous correction. I'll post a close-up of the last leg below.
yes you again my friend....will you this time go long finaly... long after trendline break....maybe i can catch you this time
This is a really good setup in which I'll be anticipating in. We're looking to buy the breakout and if/when it reaches 1.0380 area I'll put it in breakeven because im targeting the bigger breakout which would lead to 1.0560.Trade your plan
Aud-Nzd Daily Setup Long .. Also Formate Gartley Pattern in Weekly chart Time Frame