AUDNZD 1HOUR TF
AUDNZD on the one hour time frame i can see the inverse cup and handle -bearish forming nicely .I also see a bearish variant flag.
waiting for a break of the daily support(conservative trader) zone,retest and short to the next zone.
For the agressive trader you can look for price action at the golden ratio of the fibs as this lines up perfectly with the fib golden ration and confluence with the trendline (yellow)
CONFIRMATIONS
Inverse cup and handle -bearish
bearish variant flag
price above 50 EMA
Rejection off the fib golden ration (didnt draw the fibs as i want to keep the chart clean )
Conflunece(yellow trendline and the golden ratio of the fib meet
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waiting for a break of the daily support(conservative trader) zone,retest and short to the next zone.
For the agressive trader you can look for price action at the golden ratio of the fibs as this lines up perfectly with the fib golden ration and confluence with the trendline (yellow)
CONFIRMATIONS
Inverse cup and handle -bearish
bearish variant flag
price above 50 EMA
Rejection off the fib golden ration (didnt draw the fibs as i want to keep the chart clean )
Conflunece(yellow trendline and the golden ratio of the fib meet
TO LEARN THIS GREAT SKILL ,FEEL FREE TO SEND ME A MESSAGE HERE OR VIA Royalkenapgmail.com
TO keep providing these trade ideas for free, like ,share or leave a comment
CAUTION:Do you own analysis before taking any of my trade ideas
Aviso legal
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