FX:AUDNZD   Australian Dollar/New Zealand Dollar
Market is testing the key resistance zone which is also the 50% Fib retracement of the huge down swing. RSI is showing overbought condition. I will not short blindly but wait for confirmation via price action. Let's wait and see what today's candle turn out to be tomorrow morning.
ForceFollower
2 years ago
It looks still bullish to me.
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Casey_Yeo ForceFollower
2 years ago
Yes, it sure does. That's why I will only short if there is price action trigger.
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Yabi
2 years ago
Failure to settle above 1.1019 definitely points to a drop, settlement above could also cause a dumping of weak longs.
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Casey_Yeo Yabi
2 years ago
Just wait for the candle to light the path. I have no idea where this pair will go.
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ForceFollower
2 years ago
First let it get to the upper median line parallel of this Schiff median line set. Then watch, if it gets rejected on a touch or a fakeout, or if it shoots right through it and continues higher. I know it seems overextended to the upside, but it's still very strong, guys.
snapshot

snapshot
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