Hello and welcome to my Trade Idea of the currency pair AUD/NZD.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is in a beautiful downtrend.
Weekly: Weekly is bearish too with a crazy bullish weekly candle this week, so next week a pullback is highly probable.
Daily: On the daily timeframe we see the bullish pullback in more detail.
H2: We draw the counter trendline and wait for a confirmed breakout.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is in a beautiful downtrend.
Weekly: Weekly is bearish too with a crazy bullish weekly candle this week, so next week a pullback is highly probable.
Daily: On the daily timeframe we see the bullish pullback in more detail.
H2: We draw the counter trendline and wait for a confirmed breakout.
Have a nice day.