AUDNZD: Could Provide a Trading Signal
Waiting for a potential trading signal here.
Explanation:
The price is trading within a sideways range illustrated on chart by the rectangle box among 1.0945-1.0550 areas, where price hit the upper ceiling of the range before retreating lower again, a break back below 1.0735 support area would confirm a head and shoulders top pattern, and i would be shorting targeting 1.0615 and 1.0550 as next targets . Alternatively, as we hit this key support at 1.0735, a pin bar , hammer or any rejection candle could provide a new long signal targeting 1.0870 and 1.0945 levels.
I will be providing updates on this potential trade if possible.
Good Luck, Join me @ twitter.com/thefxchannel
Explanation:
The price is trading within a sideways range illustrated on chart by the rectangle box among 1.0945-1.0550 areas, where price hit the upper ceiling of the range before retreating lower again, a break back below 1.0735 support area would confirm a head and shoulders top pattern, and i would be shorting targeting 1.0615 and 1.0550 as next targets . Alternatively, as we hit this key support at 1.0735, a pin bar , hammer or any rejection candle could provide a new long signal targeting 1.0870 and 1.0945 levels.
I will be providing updates on this potential trade if possible.
Good Luck, Join me @ twitter.com/thefxchannel
