AUD.NZD - Step by Step Analysis
The AUD.NZD is one pair on my watchlist this week.
We have now seen price break of a strong resistance and psychological level at 1.0700 which dates back to April 2014.
Although price has broke, i will need to see a candle close above 1.0700 to confirm my analysis.
I will be looking to take this pair long this week if the 4hr and 1hr charts give me a signal.
We have now seen price break of a strong resistance and psychological level at 1.0700 which dates back to April 2014.
Although price has broke, i will need to see a candle close above 1.0700 to confirm my analysis.
I will be looking to take this pair long this week if the 4hr and 1hr charts give me a signal.
Note
The 1.0700 resistance level dating back to April 2014Note
Awaiting i minor pullback tomorrow prior to taking this pair long.Note
Price starting to pullback to 1.0700, false breakout? or a pullback prior to the next impulse?Note
Pending order is now in place.Trade active
Note
Trailing stop loss now in place.Trade closed: target reached
Positions closed, profit target attained.Note
Note
As we now approach 1.0920 i will be awaiting a reversal signal on the 4hr and 1hr TFNote
How i am looking to trade this pair now price has broke the 1.0920 level.
Note
March results including this long positions including technical breakdown.
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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.