AUDNZD - Final swing up
AUDNZD is a very tradeable pair if you watch it long enough and trade only at major swings.
For the past 10 years, price has been in a very wide range.
For the past 1 year, a triangle appears to be in the works, but we do not call triangles until is is fully complete.
I believe it is now in Wave C of the last swing (Wave 'e' of the potential triangle).
If price manages to complete it successfully (near 1.1000), then there is a possibility of a breakout of the 10 year range. This is because triangles are typically penultimate moves.
But for now, a long with stops below 1.0620 seems like a good bet.
Good luck!
For the past 10 years, price has been in a very wide range.
For the past 1 year, a triangle appears to be in the works, but we do not call triangles until is is fully complete.
I believe it is now in Wave C of the last swing (Wave 'e' of the potential triangle).
If price manages to complete it successfully (near 1.1000), then there is a possibility of a breakout of the 10 year range. This is because triangles are typically penultimate moves.
But for now, a long with stops below 1.0620 seems like a good bet.
Good luck!
Not
Daily chart showing the possible triangle.Not
10 year range.İşlem elle kapatılmış
Might be wrong on this. Closing trade for now.
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.
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.