Forex Analysis for AUDNZD Weekly Chart

Looking at the weekly chart its clear from the circles on the chart that price has been showing respect to the bullish trendline. I have been watching this chart for some time now waiting for a buy signal. So on the weekly chart its shows that price was at a turning point so the next thing is to find an entry on the lower timeframe.

Daily Chart Analysis

On the daily chart you can see my bearish trendline which I used for my entry. I waited for a strong break of daily for one my entries. Trendline break is indicated by the arrow. See below:

Hourly Chart

Now this is where I took my entries. Although the market was making higher highs I still waited for more confirmation and You can see I used the engulfing candle shown in the circle to enter once it broke above I made the first entry and the other two entries were added above bullish candles after a pullback. Note this is just one way I do multiple entries. Entries are marked with green.See chart below:

I will move all stoplosses to profit then wait for more profit.

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