Aussie Pair Setups
Some Aussie Pair setups here looking very good. First of all let's start with EURAUD. Nice setup. We have been in a downtrend with multiple lower highs and lower lows. We then began to base, and it seems the trend has exhausted as we cannot make another lower low. Seems we have made a double bottom here. The trade will be triggered if we get a break and close above the 1.7380 zone. Be patient. EURNZD is similar, but I think EURAUD looks much cleaner.
AUDCHF also with a topping pattern here. Can be a Double Top or a range. Remember, markets move in three ways: uptrend, range and then a downtrend. This is what I see here. Want to see a break and close here below 0.6065.
AUDJPY similar to AUDCHF above. Similar setup and I like the sell off currently. This is similar to a lower bounce, where we make a lower high before breaking lower. This is what I like to see rather than straight red or green candles on the break out.
AUDCHF also with a topping pattern here. Can be a Double Top or a range. Remember, markets move in three ways: uptrend, range and then a downtrend. This is what I see here. Want to see a break and close here below 0.6065.
AUDJPY similar to AUDCHF above. Similar setup and I like the sell off currently. This is similar to a lower bounce, where we make a lower high before breaking lower. This is what I like to see rather than straight red or green candles on the break out.
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