AUDNZD Weekly Fakeout
The weekly close is near and an interesting pattern formed. Have a close look at the weekly chart to see the power of this pattern.
We now have:
Market was sold off, but quickly recovered and closed inside the box. This indicates, that the selloff was not sustainable.
I was watching AUDNZD for some weeks now, have a look at the last two analysis to see the exact predicted entry:
The last one had the 4H double bar entry signal mentioned in the text:
The previous analysis made clear, that the triangle forming is wave 4 and a final push to the downside is required to finish this pattern.
Watch out next week for a good entry signal. Take advantage of the never-ending stream of opportunities in the markets.
We now have:
- Outside mother bar, No close out of the box
- Classic fake breakout
- Wave 5 finished on Daily/4H timeframe
Market was sold off, but quickly recovered and closed inside the box. This indicates, that the selloff was not sustainable.
I was watching AUDNZD for some weeks now, have a look at the last two analysis to see the exact predicted entry:
The last one had the 4H double bar entry signal mentioned in the text:
The previous analysis made clear, that the triangle forming is wave 4 and a final push to the downside is required to finish this pattern.
Watch out next week for a good entry signal. Take advantage of the never-ending stream of opportunities in the markets.
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