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Audnzdsetup

AUD/NZD Rejecting From TrendlineThis is rejecting from the upper trendline. I want to see this continue to retrace to the support zone before rising and breaking above the trendline and onto the more significant downward trendline just above. For best entry need to monitor this on 4HR timeframe using MACD and EMA's to find the moment this turns back higher from support. Another entry method would be to wait for this to turn higher and break the trendline and then enter a long on the retest of the trendline as a support. Target is the major trendline above (marked in blue). Around 1.09500
by olly48
||AUDNZD SELLERS HELD HOSTAGE ! ABOVE 1.080XBuyers of the aussie are holding bids @ 1.079x area and sellers are having to compensate their loses real quick as price tries to hold water at 1.0808x highs being tested multiple times ,over night trading in the asian markets will give push in price above 1.0808x zone and am expecting market reaction in london session above 1.082x area . With no economic data until thurday on either currencies we should have strong technical bias on this trade from start of the week until we get both unemployment and interest rate figures towards the end of the week Expecting an entry point in 1.084x area with it holding most sell side liqudity for a push lower to around 1.0793x Ps-dabag
Short
by da-bag
1