AUDNZD: Going LONG on pull back
After hitting the low on 25th Sep, price makes a pull back. What is different about this pull back is that it is the strongest pull back since the bearish move started on 18th Aug. You would have notice the pull back registered 132 pips in 5 days against the next largest pull back of 120 pips in 7 days. That is a sign of diminishing bearish pressure. But this doesn't constitute a bullish reversal yet. That confirmation came when price hit a QML and resume its bullish move on 7th Oct. Price has since break a structure high and now it is pulling back. I will be looking for a potential LONG entry at the PRZ highlighted.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.