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Over the weekend I mentioned the 1.0765 handle on the AUDNZD. Before the March 3rd close above the area, it had served as resistance on several occasions since May of last year.
Although buyers haven’t shown much urgency, they have managed to hold price above the 1.0765 area this week. Furthermore, if we drill down to the 4-hour chart, we have what appears to be...
Two scenerio conform our view on Audnzd ,,,,
First ,,he made elliotwave pattern and now in elliotwave corrective move B to C,,,C corrective move complete at 1.0700 ,,,,
2ND ,,,he maade ABCD Pattern ,,,From top 1.1000 to 1.800 and then according to bc retracement ,pair going to 1.0700 level........nzdusd also bullish ,,,,sell from 1.0950 and tp 1 is 1.0800 and...
WE HAVE TO LOOK HOW THE PRICE WILL MOVE INSIDE THE ZONE THAT IT IS NOW AND WILL LOOK FOR BREAK OUT !
MOST % HAS TO GO DOWN BECAUSE IN 1D CHART HAS FORMED A BIG DOUBLE TOP AND THE RESISTANCE @ 1.07300 IS TOO STRONG TO BREAK RIGHT NOW SO I PUTTED 1 SELL ORDER @1.05600 AND TP@1.03600 AND ONE BUY LIMIT @1.07700 AND TP@1.09200
TRADE WITH A PLAN GUYS AND WITH CARE !