Important Price Pattern on AUDNZD
The AUD/NZD daily chart shows that the price has arrived at a previous swing high which also has all characteristics of a strong supply area.
The AUD/NZD has rallied for 2 months without any significant pullback.
WE RECOMMEND THE VIDEO: ICT Price Action Lecture: Liquidity Purge & Revert
This is a technical lecture on the topic of Liquidity and how it can be utilized for short term intraday Trader.
When we zoom in on the last daily candlesticks, we can see a classic deceleration-acceleration pattern.
The large bullish candles suddenly disappeared at the top and the second arrow marks the deceleration Doji which shows that the price is slowing down.
The third arrow marks the bearish acceleration candle which may signal a turnover.
The current daily candle is only 50% formed but a bearish candle would complete the reversal pattern fully.
No Comments
Post a Reply Cancel reply
Search the blog
Categories
- Beginners
- Chart of the day
- Common Trading Wisdom
- Forex
- Futures
- Guest Post
- How To
- Indicators
- Market Updates
- Price Action
- Psychology
- Risk Management
- Statistics
- Stocks
- Stop Loss
- Technical Analysis
- Tips
- Tools
- Tradeciety Academy
- Uncategorized
Recent Comments
- egleyd on How To Trade A Divergence – A Step By Step Divergence Trading Guide
- Euan on Stop Hunting In Trading Exists, But It’s Not What You Expect It To Be
- I love this and am happy am seeing it at the right time. Hoping to read more of your articles. Thanks on 5 Tips To Get The Pro Risk-Taking Mindset
- Shantell on 8 Price Action Secrets Every Trader Should Know About
- Mpendulo on The Best Moving Average Strategies
Popular Posts
Navigation
- Forex Mentoring Program
- Trend Rider
- Our Book
- Trading Podcast
- Forex Cashback
- Blog
- Edgewonk - Trading Journal
- Signals
- Trading Courses
About Us
With over 20+ years of combined trading experience, Rolf Schlotmann and Moritz Czubatisnki have gathered substantial experience in the trading world.
The main expertise lies in Forex (currency) trading. Rolf and Moritz share their trading strategies across all timeframes.
Well over 1000 people have gone through the trading education offered at Traderciety.
Learn to professionally day- or swing-trade the financial markets.
Risk Disclaimer
The content provided by Tradeciety does not include financial advice, guidance or recommendations to take, or not to take, any trades, investments or decisions in relation to any matter. The content provided is impersonal and not adapted to any specific client, trader, or business. Therefore Tradeciety recommends that you seek professional, financial advice before making any decisions. Results are not guaranteed and may vary from person to person. There are inherent risks involved with trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is solely at your own risk, you assume full responsibility. || Full Risk Disclaimer
We use Unsplash. A big thanks go out to all contributors of Unsplash!
We use Flaticon for our icons.
This content is blocked. Accept cookies to view the content. click to accept cookies
Cookie Consent
This website uses cookies to give you the best experience. Agree by clicking the 'Accept' button.
Wednesday, October 21, 2020