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ForecastCity
Jan 21, 2021 3:41 PM

πŸ’‘Don't miss the great sell opportunity in AUDNZDΒ Short

Australian Dollar/New Zealand DollarFXCM

Description

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Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.0810).
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 downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.

Take Profits:
TP1= @ 1.0760
TP2= @ 1.0720
TP3= @ 1.0680
TP4= @ 1.0630
TP5= @ 1.0565

SL: Break Above R2

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Comments
carefulOwl22772
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πŸ‘πŸ‘
ForecastCity
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@carefulOwl22772, Thanks 🌹
Best_Forecast
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I liked your chart. it seems to me it's been plotted by professional chartists
ForecastCity
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@Best_Forecast, It's good to know you like it. Thanks for your support 🌹
Kristalyn
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nice divergence. I think i can profit. 😊 Thank you
ForecastCity
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@Kristalyn, You're welcome. 🌹
Sir_Ray
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good idea
ForecastCity
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@Sir_Ray, Thanks
Pro_Trader_007
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Great analysis πŸ‘ŒπŸ» I'm going to keep an eye on this one !
ForecastCity
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@Pro_Trader_007, Thanks for your comment. And we hope you enjoy it. 🌹
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