AUDNZD Inverse Head & Shoulder Expectation
Structure: Sideway
Moving Average: Downtrend
Trendline: Breakout of Downtrend Line
Pattern: Potential Inverse H&S
Trigger: Failed Breakdown
Support: 1.04, 1.0300 - 1.0310
Resistance: 1.0480, 1.05
The pair made a trial to break 1.04, but failed to hold there. With 2 big bullish candles fight back, a sign that bearish power has gone and the long downtrend from 1.0839 may have come to an end.
We have to wait for a higher low to be formed around previous support area 1.0400, to complete an inverse Head & Shoulder pattern
Enter at 1.04 if possible
SL: 1.03
1st Target: 1.05
2nd Target: 1.0570
Moving Average: Downtrend
Trendline: Breakout of Downtrend Line
Pattern: Potential Inverse H&S
Trigger: Failed Breakdown
Support: 1.04, 1.0300 - 1.0310
Resistance: 1.0480, 1.05
The pair made a trial to break 1.04, but failed to hold there. With 2 big bullish candles fight back, a sign that bearish power has gone and the long downtrend from 1.0839 may have come to an end.
We have to wait for a higher low to be formed around previous support area 1.0400, to complete an inverse Head & Shoulder pattern
Enter at 1.04 if possible
SL: 1.03
1st Target: 1.05
2nd Target: 1.0570
Trade attivo
Quite Nice Move today after the retest of previous support zone.Look for price action around 1.0445 to determine next move, stay tuned.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.