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We can see our 4H AUDNZD chart with a rally out of a clear consolidation zone that lasted several weeks. This harsh move out has pushed us to new resistance levels and leaves us a great profit margin for a fall back to comfortable support and our key MA's.
We can already see price reacting to this area and starting to fall.
On this fall we are looking to exit around the Fractal zone, denoted by the eclipse symbol (red). This fall will be dependent on market sentiment in the coming days before the weekend.
We can see our 4H AUDNZD chart with a rally out of a clear consolidation zone that lasted several weeks. This harsh move out has pushed us to new resistance levels and leaves us a great profit margin for a fall back to comfortable support and our key MA's.
We can already see price reacting to this area and starting to fall.
On this fall we are looking to exit around the Fractal zone, denoted by the eclipse symbol (red). This fall will be dependent on market sentiment in the coming days before the weekend.
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Posts Not financial advice.