AUDNZD: CAN TRIPLE PYRAMID HOLD?
Hi Trader's;
Here's my view on what I hope to see happen on the chart of AUD/NZD in coming weeks, PRICE is currently BULLISH.
We see PRICE bounce above our POINT OF BREAK on the D1 timeframe hence the clean BULLISH run.
We look to see the HEAD AND SHOULDER PATTERN HOLD. We look to get some BEARISH ACTION at (1.07967) top of (SYMMETRICAL TRIANGLE- RESITANCE).
IF PRICE finds some kind of RESISTANCE breaking that (1.07967) zone, we get a DOUBLE TOP (INDICATED BY THE DOUBLE COMANCHES) which confirms our chart pattern and would cause PRICE CRASHING DOWN.
BULLISH NOW! WAVE OF BEARS INCOMING??
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Thanks.
Here's my view on what I hope to see happen on the chart of AUD/NZD in coming weeks, PRICE is currently BULLISH.
We see PRICE bounce above our POINT OF BREAK on the D1 timeframe hence the clean BULLISH run.
We look to see the HEAD AND SHOULDER PATTERN HOLD. We look to get some BEARISH ACTION at (1.07967) top of (SYMMETRICAL TRIANGLE- RESITANCE).
IF PRICE finds some kind of RESISTANCE breaking that (1.07967) zone, we get a DOUBLE TOP (INDICATED BY THE DOUBLE COMANCHES) which confirms our chart pattern and would cause PRICE CRASHING DOWN.
BULLISH NOW! WAVE OF BEARS INCOMING??
If you find this helpful, support with a like and follow to keep getting daily updates.
Thanks.
