TradingView
YGForex
Jan 5, 2021 11:45 PM

AUDNZD Downward Momentum Slowing Down Long

Australian Dollar/New Zealand DollarFXCM

Description

As we can see, BEARISH momentum have slowed down for now as we start seeing movement at the upper side of the ichimoku cloud. There was great consolidation in the cloud before yesterday's candle close. This give us a BULLISH opportunity to the resistance zone (red zone). That is also where I will expect a price rejection followed by BEARISH movement.

Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Comments
abel11
great buy set up, keep up the good work
More