AUDNZD LONG
When looking at bigger time-frames, selling pressure seems to be exhausted, price gained support and is now aggressively rallying towards "extreme highs" .
H4 chart
- Price broke above the trendline consolidated away from it and now looks to have found support and created a new demand zone (support/resistance area).
A "3-bar play" pattern seems to be currently forming which will signal strong buying pressure.
H1 chart
- Price has broke above supply/resistance, re-tested the area and has now created a HL.
W1 -
D1 -
H4 -
ENTRY PRICE : 1.08215
SL : 1.07907
TP1 : 1.08660
TP2 : 1.09984
H4 chart
- Price broke above the trendline consolidated away from it and now looks to have found support and created a new demand zone (support/resistance area).
A "3-bar play" pattern seems to be currently forming which will signal strong buying pressure.
H1 chart
- Price has broke above supply/resistance, re-tested the area and has now created a HL.
W1 -
D1 -
H4 -
ENTRY PRICE : 1.08215
SL : 1.07907
TP1 : 1.08660
TP2 : 1.09984
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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.