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A lot of questions might be roaming in your mind about audnzd and when it is the best moment to sell it.
as you can see, on a daily bullish rally continues and we still don't see any red candle,
though, we are already approaching strong daily resistance.
for now, there are no reversal signs so we need additional confirmation.
on 1H the price is growing within a rising parallel channel.
the best confirmation for us will be a bearish breakout of its support.
it will be a perfect trigger for us to open sell.
in case of a breakout, I will set my stop above the underlined zone and for the initial target, I will aim at 1.035.
stop to breakeven after 1.04
also, remember that bulls can just break through the zone.
in case of a daily candle close above the zone, the setup will be invalid.
Please support this idea with a LIKE if you find it useful.
Thank you for reading this idea! I hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not Financial Advice.
I'm here with a new forex idea and analysis, Kindly share your LOVE by giving me LIKES and COMMENTS.
Share with more traders like you.
Follow me for more.
Thanks in advance.
A lot of questions might be roaming in your mind about audnzd and when it is the best moment to sell it.
as you can see, on a daily bullish rally continues and we still don't see any red candle,
though, we are already approaching strong daily resistance.
for now, there are no reversal signs so we need additional confirmation.
on 1H the price is growing within a rising parallel channel.
the best confirmation for us will be a bearish breakout of its support.
it will be a perfect trigger for us to open sell.
in case of a breakout, I will set my stop above the underlined zone and for the initial target, I will aim at 1.035.
stop to breakeven after 1.04
also, remember that bulls can just break through the zone.
in case of a daily candle close above the zone, the setup will be invalid.
Please support this idea with a LIKE if you find it useful.
Thank you for reading this idea! I hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not Financial Advice.
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.