HIstorical trend analysis of AUD/NZD

Two times since April we've had major stochastic divergences with changes of trend direction as a result. Now, we're heading for something looking like a double top, with fading out intensity. However, we might see consolidation over the resistance line in the next few days, followed by a jump over next resistance - like in April. If we were to get a proper divergence I would short this so hard my pants would fall off, to support the double top on the daily.

Please comment with your views.

Commentaire:

Adding EDMA shows we're at a really interesting point - first candle monday will show direction of trend. If we get a nice bearish candle we'll see some 50 pips retracement before another northbound wave