Upon breaking out of the falling wedge, price has create what seems to be a flat top triangle. One may trade the upswings or the breakout of the triangle
Here is an interesting turn of events. Firstly we can see a possible bullish flag(bearish channel). The next thing we can see is a possible head and shoulder formation. And lastly we can see that price has create an ascending trend-line. Wait for a clear break and retest or either the bullish flag or the head and shoulder and trade accordingly.
Price recently broke out of a bearish flag(bearish channel). Will be on the lookout to long this pair if price retraces back to the recent broken support/resistance level.
AudNzd is a interesting pair to trade this year. The pair has made a big symmetrical triangle on the weekly timeframe breaking out at the bottom of it and retesting. On this 4hr timeframe it has however created a downward channel and broke all lower lows created in the past weeks.
Price recently broke out of a rising wedge and has been correcting since then. We can see that its now putting itself in a corner of which it must make a decision and probabilities are its going to be bearish due to it making a second rising wedge(smaller).
Will be looking for a bearish reversal pattern at the marked area. In general this has the characteristics of a Bearish flag, a strong bearish impulse and a bullish correction.
This pair recently broke out of a daily uptrend and has formed a head and shoulder which broke the neckline, It is currently retesting the neckline.
Keep in mind also that a lower high was formed
