TradingView
Larzooo
Oct 25, 2020 2:02 AM

AUDNZD Bouncing in a bearish channel Long

Australian Dollar/New Zealand DollarFXCM

Description

I'm thinking that AUDNZD goes long on the support of the channel given through the daily chart and reaches the resistance.

Trade on bounce.

Price has been moving with momentum indicated by the Stochastic Oscillator.

GMMA indicates there has been a downtrend.

Comment

Heikin Ashi used to smooth out price.
More