NZDAUD trade ideas
AUDNZD short term buy/Forming a reversal patternHi 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
AUDNZDA rising wedge breakout is a technical analysis pattern in which prices of an asset break out of a rising wedge pattern, typically indicating bearish sentiment and a potential for prices to fall. This pattern is formed by two converging trend lines that slope upward, creating a triangle pattern. When prices break out of the triangle, it is often seen as a sign that prices will move lower. This is because traders expect the trend lines to act as support and resistance, and when prices break through these levels, they may assume that the trend is reversing. As such, traders may look to enter short positions in anticipation of the price continuing to fall.
AUDNZD -AUDNZD H4 ANALYSIS.
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AUDNZDDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
AUDNZDAn ascending channel is a chart pattern in which the price of an asset is rising within two parallel trendlines. This pattern typically signals that the price is likely to continue rising, and suggests that traders should consider taking a short position, or selling the asset, if the price breaks out of the channel. In this case, the AUDNZD price broke out of the ascending channel, suggesting that the trend was likely to reverse and the price to fall. As such, traders should look to take a short position on the asset.