AUDNZD Local S/R| Swing High| 200 MA| Price Action
Evening Traders,
Today’s analysis- AUDNZD- trading at a key trade location where a respect is probable,
Points to consider,
- Price action impulsive
- Local S/R Support
(.50 Fibonacci Confluence)
- 200 MA S/R
- Swing high objective
AUDNZD’s immediate price action is impulsive towards a key trade location that has technical confluence with the .50 Fibonacci, this allows for a bullish bias.
The 200 MA is considered Dynamic Support, holding this is critical for maintaining a bullish bias.
The swing high is objective, exceeding this level will greatly increase the probability of a trend continuation.
Overall, in my opinion, AUDNZD is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“The lower your body gets the higher your jump will be.”
― Noor Alasadi
Today’s analysis- AUDNZD- trading at a key trade location where a respect is probable,
Points to consider,
- Price action impulsive
- Local S/R Support
(.50 Fibonacci Confluence)
- 200 MA S/R
- Swing high objective
AUDNZD’s immediate price action is impulsive towards a key trade location that has technical confluence with the .50 Fibonacci, this allows for a bullish bias.
The 200 MA is considered Dynamic Support, holding this is critical for maintaining a bullish bias.
The swing high is objective, exceeding this level will greatly increase the probability of a trend continuation.
Overall, in my opinion, AUDNZD is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“The lower your body gets the higher your jump will be.”
― Noor Alasadi
Join my free telegram! t.me/chartdoctorsanconsultants
Follow me on Twitter! twitter.com/pinkdawn__
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