AUDNZD - Price at PRZ, awaiting break of trendline
Hey guys, analyzing AUDNZD for some friends.
AUDNZD is interesting.
It has completed 2 patterns
1. AB=CD pattern
2. Gartley Pattern
Both points to this currency pair rebounding.
However, I will be hesitant to go long until price the breaks the trendline in red.
Downward momentum is still very strong, will not feel safe going long without price showing it wants to break the downtrend first.
This is my plan.
1. Wait for price to break trendline first
2. Buy on retest of yellow zone
Will aim for 1.07 as my target with stops around 1.0250
AUDNZD is interesting.
It has completed 2 patterns
1. AB=CD pattern
2. Gartley Pattern
Both points to this currency pair rebounding.
However, I will be hesitant to go long until price the breaks the trendline in red.
Downward momentum is still very strong, will not feel safe going long without price showing it wants to break the downtrend first.
This is my plan.
1. Wait for price to break trendline first
2. Buy on retest of yellow zone
Will aim for 1.07 as my target with stops around 1.0250
Nota
No break of daily tl, no trade yet.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.