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VladimirRibakov

AUDNZD Buy Idea Based On Multi-timeframe Analysis

Long
Australian Dollar / New Zealand Dollar (OANDA:AUDNZD)  
VladimirRibakov Updated   
OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Multiple Time Frame Analysis Chart Patterns AUDNZD buy Bullish Patterns support Bullish Divergence bullishtrendpattern range
3
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trendanalysis mtfa chartpattern audnzd buy bullish support bullishdivergence bullishtrendpattern range
D1 - Price is bouncing higher from a key support zone formed by the 261.8% fibonacci expansion level of the first wave and the 100% fibonacci expansion level of the second wave.

Bullish divergence.

H1 - Bullish trend pattern followed by a flat correction in the form of a range.

If we get a valid breakout above this range we may then expect the price to continue higher further.
Comment:
A valid breakout above the range happened as expected and the price moved higher further providing an amazing move to the upside!
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