AUD/NZD
5/5/21 - Wed - 1:29 PM
Inverted head and shoulders (PR)
Rejected on 000 level
Rejected near 50% fib
Rejected on trend line (PR)
Consolidation (PR)
Divergence on 1hr, daily
Long term uptrend (+)
Short term consolidation (+/-)
(Pattern is towards top of the market which is not in favor but past data has shown strong rejection off trend line. The market is also starting to consolidate which is in our favor.)
5/5/21 - Wed - 1:29 PM
Inverted head and shoulders (PR)
Rejected on 000 level
Rejected near 50% fib
Rejected on trend line (PR)
Consolidation (PR)
Divergence on 1hr, daily
Long term uptrend (+)
Short term consolidation (+/-)
(Pattern is towards top of the market which is not in favor but past data has shown strong rejection off trend line. The market is also starting to consolidate which is in our favor.)