audnzd major trendline 50 MA touch bullish trend 61 fib market structure respected
AUDNZD Another day, another great opportunity for us trades to take advantage of. AUDNZD We are at key resistance when it comes to higher time frame including daily and weekly. We could say we are within the channel for now but if we break below 50 EMA & of trendline support expect 1.09170 areas to be target areas. However, if we break the highs of 1.09865...
AUDNZD H1 -COUNTER TRADE -H1 RANG BREAK OUT -WAIT FOR RETRACE -WAIT FOR CANDLE CONFIRMATION =SELL SIGNAL
I am still very much a believer in the analysis below targeting ~1.10.
In my previous AUDNZD post we sold the market, it almost hit our first target but watching retracing and testing the long term downtrend i moved stoploss at BE and i was stopped with a tiny profit. Price now has clearly broke above the downtrend which makes us watch for buys. But first we should wait for a buy setup to comlete based on our strategy. Like and...
AUDNZD has formed double bottom with strong bullish divergence and bulls have shown the bullish reaction as well and has given the breakout of 1.0620 level with massive buying. Currently the price is facing strong resistance around 1.0695 region but seems like bulls will break through it. if this breakout happens the next optimum target will be 1.0810.