AUDNZD Wave Analysis - Weekly momentum kicking in

2020-01-17 17:29:58

The weekly momentum is finally kicking in. After the fake breakout on the weekly TF we had a retracement the whole week.

Long term perspective:
https://www.tradingview.com/chart/AUDNZD/7l26fdb8-AUDNZD-Weekly-Fakeout/

We now got:


Retracement to 61% fibonacci level
5-Wave structure to support
RSI-Divergence on 1H
Oversold indicators on 4H
Price action candlestick signal at support