TradingView
Pondy_Traders
Mar 8, 2023 12:34 AM

AUDNZD short term buy/Forming a reversal pattern Long

AUD/NZDOANDA

Description

Hi All,

Looking at chart for the pair, we can anticipate the sell trend is coming to an end. The month support holds good, Bullish candle in 4hr with good volume. We can see the price is now forming an inverse H&S(trend reversal pattern), where we are buying the head.

The plan is to look for only buy in this pair.

Entry , Sl and TP marked.

Thank you

Trade active

Trade closed manually

I closed my trade manually, because it is trying to for DB and then move up instead of Inverted H&S. POsted my views clearly in a new post
More