I predict a downfall on AUDNZD
Here are my reasons...
1. Prior to price intercepting the uptrend on the daily chart, price has formed a downtrend (channel) on the H4 time frame.
2. Price has intercepted the previous HL thus creating a new LH AND LL.
3. Price is heading towards point 3 to create a new LH, AND THAT'S WHERE I EXPECT SELLERS TO COME IN PUSHING PRICE DOWN AND DOMINATE IT.
SO, (although price seems to be heading up, i wouldn't advice anyone to buy but to wait for the perfect moment to sell at 3)
1. Prior to price intercepting the uptrend on the daily chart, price has formed a downtrend (channel) on the H4 time frame.
2. Price has intercepted the previous HL thus creating a new LH AND LL.
3. Price is heading towards point 3 to create a new LH, AND THAT'S WHERE I EXPECT SELLERS TO COME IN PUSHING PRICE DOWN AND DOMINATE IT.
SO, (although price seems to be heading up, i wouldn't advice anyone to buy but to wait for the perfect moment to sell at 3)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.