AUDNZD Short
A L O H A
- Daily in area of scoop pattern creating a double top and currently in a corrections which mean it can still head up and touch the outer trend line creating even better scoop/double touch pattern.
Multiple ways this can go but the setup are really clean to me, when price moves i think there will be a lot of opportunities here.
Let me know what you guys think!
15 min - correcting/ hover after a small impulse down within a descending channel.few potential that it could reject off the dotted trend line but with strong momentum across the Aussie. it's possible to break down further. maybe this is it.
4hr - letting the market set this up, if there is a bearish close that engulfs the previous bull candle, a type of confirmation of the double top within the descending channel.
1hr - Its not a strong bearish impulse rejecting and could be forming a bigger correction.
Although I do see some bullish opportunities it's possible they will be short term, overall looking to sell this pair.
PS: what does "beyond technical analysis mean?" lol
- Daily in area of scoop pattern creating a double top and currently in a corrections which mean it can still head up and touch the outer trend line creating even better scoop/double touch pattern.
Multiple ways this can go but the setup are really clean to me, when price moves i think there will be a lot of opportunities here.
Let me know what you guys think!
15 min - correcting/ hover after a small impulse down within a descending channel.few potential that it could reject off the dotted trend line but with strong momentum across the Aussie. it's possible to break down further. maybe this is it.
4hr - letting the market set this up, if there is a bearish close that engulfs the previous bull candle, a type of confirmation of the double top within the descending channel.
1hr - Its not a strong bearish impulse rejecting and could be forming a bigger correction.
Although I do see some bullish opportunities it's possible they will be short term, overall looking to sell this pair.
PS: what does "beyond technical analysis mean?" lol
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.