Audnzdsell
AUDNZD approaching resistance, look out for potential reversal!
AUDNZD is approaching its resistance at 1.04651 where it is could reverse down to its support at 1.04039.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDNZD Is Ready for next Move.AUDNZD is in Down channel pattern were in the lower time frame we bet Rising wedge pattern we need to wait for break down the pattern so that we can take them as per the market move everything was mention on the chart.
Note one think the market can go further more upside till Down channel pattern resistance line there is really Big Stop loss but if market break downside then it will continue the trend.
Note: This is only for Educational Purpose this is not Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Share Our Chart on All Social Media.
Thanks
Adil Khan
AUDNZD approaching resistance, look out for potential reversal!
AUDNZD is approaching its resistance at 1.04939 where it is could reverse down to its support at 1.04577.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
SELL SIGNAL ON AUDNZD As you can see, AUDNZD Has shown Bearish momentum and currently price is in a small retracement as i would see it to a critical point of resistance that i have marked with the grey horizontal line. From this point, price may continue a potential bearish move to our take profit point that i have marked with the green horizontal line.
Green line- Take profit
Grey line - Entry
Red line - Stop loss
Risk exposure - 1%
Risk to reward - 1:2
If you don't follow me already, hit that follow button!