AUDNZD - Inverse Head and Shoulders Pattern At Daily Support
Trading Confluence
Trade Forecast
At the moment all the trading confluence align at the same support level which comes from the daily chart. If we price break and close above the local structure level marked in the chart, we will consider going long targeting 1.05747 level.
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- Price is trading around daily support level
- An inverse head and shoulders pattern at the daily support level indicates the lack of selling pressure
- RSI divergence confirms the lack of bearish momentum
Trade Forecast
At the moment all the trading confluence align at the same support level which comes from the daily chart. If we price break and close above the local structure level marked in the chart, we will consider going long targeting 1.05747 level.
Head over to Trade Revenue Pro to Learn More About Trading Forex