AUDNZD Bullish to 1.07000 idea for Monday Sydney session
Looking for price to break the daily TL (circled area) and buy at 1.06000 level, or sell otherwise. I would collect prof at 1.07000 level because 1.075 shows bearish tendencies.
The bulls came in to play on the 16th of September at the 1.02 level and have been strong . The current 1.05 level has seen uncertainty but the current bullish engulfing shows the break of the daily TL. Price is touching the 20 ema.
Long term i see this market as bearish. But the 4 hour time frame is showing a bearish candle at the moment. I shall only buy when 1.0600 gets touched. If my price doesn't get touched I'll probably sell at 1.083 or later.
I have provided TP and SL for both scenarios. For now i shall wait till 9pm Monday.
The bulls came in to play on the 16th of September at the 1.02 level and have been strong . The current 1.05 level has seen uncertainty but the current bullish engulfing shows the break of the daily TL. Price is touching the 20 ema.
Long term i see this market as bearish. But the 4 hour time frame is showing a bearish candle at the moment. I shall only buy when 1.0600 gets touched. If my price doesn't get touched I'll probably sell at 1.083 or later.
I have provided TP and SL for both scenarios. For now i shall wait till 9pm Monday.
Note
sell at 1.058***
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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.