AUDNZD looking to continue after Adam & Eve Pattern formed.

22 sept.

AUDNZD broke through an important resistance zone recently. Previously I anticipated a rejection here, but the market pushed straight through instead:

And now it looks to go higher after an Adam & Eve pattern formed. With its catchy name, the Adam and Eve pattern is one of the easiest to remember. And I will explain below why and how to spot it easily.

The Adam pattern is marked by a sharp downward move, a quick rebound, forming a “V” shape on the chart. Tall, pointed and aggressive! More "masculine" so to say.
The Eve, on the other hand, develops more gradually. Price rounds out into a wider, smoother bottom before rising again, creating a shape similar to the letter “U.” Softer, curvier, more feminine.

Combined, these two create the Adam and Eve pattern, a formation that often signals a potential trend reversal. Especially if it's combined with fundamental analysis or other strong technical.

It sticks in your memory once you connect the shapes with the male–female correlation. An unforgettable pattern, really.

30 sept.

Trade fermée: cible de profit atteinte

Likely to reject at resistance here