AUDNZD - BASIC CHANNEL TRADING - PROPORTIONAL CLONES £$
Cheeky analysis of AUDNZD - A lovely pair to trade technically, this beautiful range has seen us through the summer but is it finally time to break?
The dimmer trend line is our first short signal.
New low was created yesterday suggesting we have ground for a long time short, however we are currently sitting on channel support. It will be a very few interesting days :)
reversal of channel to continue ranging or a channel break to create new structure? Who knows!
The clone boxes highlight the similarity in swings we can expect a similar sized move relative to new price action, support and resistance manually drawn to highlight key points in future price.
Good luck and happy trading!
The dimmer trend line is our first short signal.
New low was created yesterday suggesting we have ground for a long time short, however we are currently sitting on channel support. It will be a very few interesting days :)
reversal of channel to continue ranging or a channel break to create new structure? Who knows!
The clone boxes highlight the similarity in swings we can expect a similar sized move relative to new price action, support and resistance manually drawn to highlight key points in future price.
Good luck and happy trading!
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Pending short entry activated after pullback to previous broken grey trendline. lets wait and see