Hi,
AUDNZD making a breakout from the bearish chart pattern called Rising Wedge.
The bounce came from a pretty strong area. I have observed it since the August end.
The selling area should be the marked red area, criteria:
1. We have a breakout from the bearish chart pattern called Rising Wedge.
2. Breakout from the short-term triangle
3. Tripple top formation
4. Bearish candlestick pattern indications from the Daily and from the 4H timeframes.
5. Those bearish candlestick patterns came from a pretty strong area which stays around the round number 1.07000
Wait for a confirmed breakout and the good entry zone should stay inside the marked red area. Perfect would be a trendline retest.
Do your own research and if this matching with mine then you are ready to go!
Good luck,
Vaido
AUDNZD making a breakout from the bearish chart pattern called Rising Wedge.
The bounce came from a pretty strong area. I have observed it since the August end.
The selling area should be the marked red area, criteria:
1. We have a breakout from the bearish chart pattern called Rising Wedge.
2. Breakout from the short-term triangle
3. Tripple top formation
4. Bearish candlestick pattern indications from the Daily and from the 4H timeframes.
5. Those bearish candlestick patterns came from a pretty strong area which stays around the round number 1.07000
Wait for a confirmed breakout and the good entry zone should stay inside the marked red area. Perfect would be a trendline retest.
Do your own research and if this matching with mine then you are ready to go!
Good luck,
Vaido
Note
Trade closed: target reached
🔍I do the technicals - so You don’t have to.
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
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 do the technicals - so You don’t have to.
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
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.