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ForecastCity
Oct 8, 2020 4:28 PM

Don't miss the great buy opportunity in AUDNZD Long

Australian Dollar/New Zealand DollarFXCM

Description

Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.0851).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. AUDNZD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.

Take Profits:
TP1= @ 1.0905
TP2= @ 1.0933
TP3= @ 1.0957
TP4= @ 1.0993
TP5= @ 1.1041

SL= Break below S3

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Comments
Mesutkashmar
I'm gonna trade this one, thank you for sharing, it's such a comprehensive analysis.
ForecastCity
@Mesutkashmar, You're very welcome! We hope you make the most out of it.
yusufipek1989
Nice chart with reverse head and shoulders.
ForecastCity
@yusufipek1989, Thank you for your comment.
sofi_Morphy
Simple yet at the same time very professional. It's awesome.
ForecastCity
@sofi_Morphy, Thank you for your comment. We appreciate your support.
Pro_Trader_007
Superb! 👍
ForecastCity
@Pro_Trader_007, We appreciate your support.
Bisho68
Its really awesome. Amazing analysis. May God bless you abundantly.
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