As you can see, if it touches the 38.20 and bounces back then this is a very good selling opportunity. Also if you look at the 38.20, i have put down a purple line right on it to show the support/resistance in the past. This also shows a strong indication that it could bounce off the 38.20 resistance line.
This is a good buying opportunity. If it breaks the resistance line it will continue to go up or it could also go down and touch the bottom line of the structure and bounce back up.
I have set a Buy Stop at 136.100.
As you can see, after the first Take Profit from the AUDNZD chart technical analysis four days ago, it has followed my trend analysis which it will touch the bottom line of the structure (Yellow line) and bounce off, so this is another opportunity to get in Long. I have set a Buy Stop at 1.05215.
I have set a Buy stop at 0.86690 because I have done a Technical analysis on this about a week ago and now it has touched the bottom of the structure (Yellow Line) which it should bounce off.
This is the link to the technical analysis I have done a week ago:
As you can see, i have formed an ascending structure which it looks like it will be bouncing off the top and head towards the bottom. Also if you have seen all my published technical analysis you will notice that this could follow the same pattern. I have placed a Sell Limit at 109.775.