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
Yabi
2 years ago
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
ForceFollower
2 years ago
Yes, it's a bullish pair. The AUD is strong and the NZD is weak. An excellent choice. :)
+1 Reply
bryce.moral
2 years ago
Looking good!
+1 Reply
itaskar
2 years ago
thx guys for support
Reply
ForceFollower
2 years ago
Let's see, if it bounces off your orange line.
+1 Reply
itaskar
2 years ago
trying long, maybe green line will hold, stop 20 pips
snapshot
Reply
ForceFollower itaskar
2 years ago
Sure, why not? Looking good so far.
+1 Reply
itaskar
2 years ago
price is in potencial resist area, maybe we will see pullback down to the purple line
snapshot
+1 Reply
ForceFollower itaskar
2 years ago
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.
+1 Reply
itaskar ForceFollower
2 years ago
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.
+1 Reply
ForceFollower itaskar
2 years ago
Very well. Trade your plan. :-)
Reply
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