Possible Bullish BAT pattern set up on AUDNZD Divergence on MACD Trend Line Support & S1 Pivot Entry @ 1.0650 Conservative TP @ 1.0900 (38% leg C-D) Agressive TP @ 1.1050 (61.8% leg C-D)
Short term trade for a move back into 0.74500
Ill be watching this pair over the next few days, looking for bearish price action to enter short at the 110.500 - 111.000 Zone.
After the bearish double top 0.6800 is the line in the sand for Bulls/Bears. Any hold below this line and I believe we could see a significant move to the downside. I am targeting 0.6450 I will not enter the trade until we have a break of the trend line and close below 0.6800
Double Top formed with Divergence on MACD. Good risk reward opportunity.
Bullish Gartely formation Entry @ 154.57 TP @ 155.36
Stops should be placed at 1.4715 with TP at 1.4400 The TP target is the location where divergence first appears on the MACD If I'm wrong and we get a daily close above 1.4650 I see this pair making a move up to 1.4900 I personally think Brexit uncertainty will cap this pair for the time being. Also, the DXY is sitting on major support and due a bounce. No one...