AUDNZD Triangle Pattern Formation And Additional Short Opportunity
Pair / Instrument:AUDNZD
Time Frame: H4
The trend in the Timeframe: NEUTRAL
The trend in the Daily Chart: NEUTRAL
Description: We have entered a short trade and we look for an additional short opportunity on AUDNZD pair. The pair is forming a triangle and a bearish breakout of the triangle will offer us additional 70 pips. Estimated breakout level 1.08700. You must wait for the breakout of the triangle. We will send entry notification to our members as soon as the pattern completed.
Trade Based On: Triangle Pattern Breakout
Recommended Lot Size:
AREA OF THE ENTRY: 1.08800 – 1.08750 ( Members should wait for our entry notification )
STOP LOSS : Above 146.900
TARGET 1: 1.08600 ( This level must be broken before the deeper bearish move )
TARGET 2: 1.08000
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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
AUDNZD Triangle Pattern: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibilit