FX:AUDNZD   Australian Dollar/New Zealand Dollar
85 11 2
possible cup with handle pattern, resistance becomes support(orange line), that indicate move to the upside.
bigger picture:
snapshot
Frequency of the up sloping path ( purple dotted parallels) is in control of price swings.. Price may meet resistance and head south, with two fails in background. Good analysis itaskar.
+1 Reply
Yes, it's a bullish pair. The AUD is strong and the NZD is weak. An excellent choice. :)
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Looking good!
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thx guys for support
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Let's see, if it bounces off your orange line.
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trying long, maybe green line will hold, stop 20 pips
snapshot
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Sure, why not? Looking good so far.
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price is in potencial resist area, maybe we will see pullback down to the purple line
snapshot
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It's in a very nice strong up trend. There's a strong support at 1.105. If it gets there, you might like to buy it.
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itaskar ForceFollower
will wait for now, wanna see if support becomes resistance on purple line, if there will be a pullback off the green line its mean that this line is working and I will better stay on the side.
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Very well. Trade your plan. :-)
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