Get started
theforexarmy

AUDNZD bouncing up perfectly, remain bullish

Long
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
theforexarmy  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
forexsignals forextrading forextradingzones forexanalysis Forex forexforecast forexalerts forextargets forextrader forexsignal trading
3
0
forexsignals forextrading forextradingzones forexanalysis forex forexforecast forexalerts forextargets forextrader forexsignal trading
Buy above 1.0766. Stop loss at 1.0695. Take profit at 1.0896.
Reason for the trading strategy (technically):
Price has started to bounce really nicely above our buying area. We remain bullish above 1.0766 major support (Fibonacci retracement, horizontal overlap support, bullish exit) for a push up to 1.0896 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (34) is seeing strong support above our ascending support line signalling that a further rise is expected.

Related Ideas

theforexarmy
AUDNZD bouncing up perfectly, remain bullish
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.