AUD.NZD - Step by Step Analysis
Updated
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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