AUDNZD bounce over the 0.618 🦐
Updated
After our last analysis on this pair we check what we expect next from AUDNZD pair.
The price has been moving inside a descending channel.
After breaking the resistance at 1.08300 price tested the support at 1.07800 and retest the upper structure.
Recently the market created a spike till exactly the 0.618 fib level of the previous upper leg before going back over the daily structure.
IF the price will break and close below the 1.07800 level we can set a nice short order according to Plancton's strategy.
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
The price has been moving inside a descending channel.
After breaking the resistance at 1.08300 price tested the support at 1.07800 and retest the upper structure.
Recently the market created a spike till exactly the 0.618 fib level of the previous upper leg before going back over the daily structure.
IF the price will break and close below the 1.07800 level we can set a nice short order according to Plancton's strategy.
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Comment
Comment
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.