Dear Friends
I have been developing an indicator which identify key supports and resistance using "Swing indicator" as the main sub-indicator.
Here is what I think for AUDNZD:
On hourly TimeFrame, this pair has made a wedge formation which is more likely to be broken to the downside. Watch that false breakout and if you look at Daily it is below EMA 14 and 21 and made shooting star.
I will get into this trade once the current level (rising trend line of the wedge formation) is broken,
Also, currently I am short NZDCHF since yesterday London Open...
Regards,
KHAN
I have been developing an indicator which identify key supports and resistance using "Swing indicator" as the main sub-indicator.
Here is what I think for AUDNZD:
On hourly TimeFrame, this pair has made a wedge formation which is more likely to be broken to the downside. Watch that false breakout and if you look at Daily it is below EMA 14 and 21 and made shooting star.
I will get into this trade once the current level (rising trend line of the wedge formation) is broken,
Also, currently I am short NZDCHF since yesterday London Open...
Regards,
KHAN