AUDNZD - POT confluence area - DAILY - Long

31 May 2017

AUDNZD - POT confluence area - DAILY - Long

3 nested patterns completing in same zonal space.
Would complete at bottom of consolidation triangle, and trade would be confirming consolidation to continue
886 confluence of previous larger swing
RSI is just heading into Oversold. possible rebound off the 786 but would be short term to meet the 886 area
Check back in the coming day/s

31 May 2017

Not

Consolidation triangle

2 Haz 2017

Not

Maybe today?
We entering top of zone

2 Haz 2017

Not

If you are trading the pattern the Monthly Support is exactly X, and would require a SL below this (its NFP today!)

5 Haz 2017

Not

Boom

12 Haz 2017

Not

Channel creation

13 Haz 2017

Not

Channel support being pushed with negative price action
Moved position to BE @ 1.041
Its possible we see a break here with a retest of pattern structure or lower.
Either way we are in no loss position with a pending opportunity at lower prices.

15 Haz 2017

İşlem kapandı: hedefe ulaştı

1.041 stood firm.
Target 1 hit
Target 2 @ 1.065 with trailing stop, the move could run much higher, this is a prett conservative target 2 price.