hsa2501

AUDNZD Bullish to 1.07000 idea for Monday Sydney session

FX:AUDNZD   Australian Dollar / New Zealand Dollar
Looking for price to break the daily TL (circled area) and buy at 1.06000 level, or sell otherwise. I would collect prof at 1.07000 level because 1.075 shows bearish tendencies.

The bulls came in to play on the 16th of September at the 1.02 level and have been strong . The current 1. 05 level has seen uncertainty but the current bullish engulfing shows the break of the daily TL. Price is touching the 20 ema .

Long term i see this market as bearish . But the 4 hour time frame is showing a bearish candle at the moment. I shall only buy when 1.0600 gets touched. If my price doesn't get touched I'll probably sell at 1.083 or later.

I have provided TP and SL for both scenarios. For now i shall wait till 9pm Monday.


Comment: sell at 1.058***