AUDNZD on the weekly chart has recently broke the descending channel that kept the trend since october 2017.
On the daily chart the market, after the move till the upper trendline of the channel, retraced slowly creating a falling wedge.
Currently the market found resistance on the recent highs structure and we could expect the market to consolidate before a break to the upside.
If the price will break and close above the daily structure we can set a nice long order according with our strategy.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
On the daily chart the market, after the move till the upper trendline of the channel, retraced slowly creating a falling wedge.
Currently the market found resistance on the recent highs structure and we could expect the market to consolidate before a break to the upside.
If the price will break and close above the daily structure we can set a nice long order according with our strategy.
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
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