AUD/NZD possible buy

2 ene 2019

Based on this analysis, I believe price will jump from the support area where it's consolidating and create a new LH before dropping back down past that same level of support creating the new LL. You can see around July 2018 it consolidated right around that support level and shot up. It's consolidating in a very similar area around that support and you can see within the blue trend lines I have drawn that we have a H followed by a L, creates a new LH which pushed down below the previous L creating a new LL showing this is a down trending market. Using fib you can see where a possible retracement up could land. If I had the blue trend lines longer you could also notice that the "possible new LH" and "possible new LL" would fall into the channel created by those trend lines if I had drew them longer. Give me any feedback you have on this analysis, I haven't even been trading forex for a month but I'm learning and wanna know what you guys think of this!