AUDNZD | Bullish Structure đź’ˇ
- The trade can be a slow burner, but it has the potential to continue a bullish move since it's trending towards the upside on most higher time frames.
- We are seeing a 4-hour bullish engulfing candle formation in process, suggesting bull power in the market as well as a recent MA crossover.
- If resistance will be broken, we could potentially see a push > exhaustion scenario before a continuation move up.
- We are seeing a 4-hour bullish engulfing candle formation in process, suggesting bull power in the market as well as a recent MA crossover.
- If resistance will be broken, we could potentially see a push > exhaustion scenario before a continuation move up.
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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.