AUDNZD has shown excellent price action on the 4hr chart as it formed a high test doji at the 1.07700 resistance level, while also re-testing the 50/60 ema and the 0.382 Fibonacci retracement level.
1hr chart Stochastic RSI shows major divergence. As well as the RSI is in oversold territory on the 4hr.
Negative confluence factors:
Shorting while having to break the 1hr 50/60 ema.
Classic Last kiss method BTW
1hr chart Stochastic RSI shows major divergence. As well as the RSI is in oversold territory on the 4hr.
Negative confluence factors:
Shorting while having to break the 1hr 50/60 ema.
Classic Last kiss method BTW
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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.