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Audnzdshort

AUDNZD neckline break reversal tradeFew things going on here: 1. Price reached the highs of 1.078 and then it found weakness. You can tell by the fact that price ranged, but consistently failed to break above the 1.078 level. At the same time, price has been holding supported at the 1.75 level. 2. What I'm currently seeing is that price is breaking below the 1.75 level and slightly retracing. This break occurred because we're not seeing any bids holding the price up. 3. I'm expecting to see price trickle lower as the profit taking occurs after this spike.
Short
by FinancialGamblR
AUD/NZD forming a triangleThis triangle is signaling us that there is indecision between Buyers and Sellers. They can deicide where the price will go. Right now and maybe even in next couple of days we will see this ranging to continue. However sooner or later we predict that either Bulls or Bears will take advantage of one another. This could be a nice trading opportunity for next week. We have put Alerts on both directions and when one alert is triggered then we will make a decision. Follow this idea and don't let good trade to go without you :) Let us know what you think about this idea and don't forget to follow us for more ideas :) Good luck !
by UnknownUnicorn3249870