AUDNZD Analysis: Price at the trendlineThe price has been following both an ascending channel and a falling trendline.
It has previously respected the trendline for four times and has come to test it for the fifth time.
If it bounces off then it will be a good sell opportunity.
Breaking of the trendline will invalidate this idea.
You may share your opinions in the comment section. If you agree with the analysis you can hit the like to show support.
Audnzdsignal
AUDNZD LONG TRADE SETUP WITH KEY ENTRY & STOP LEVELWith regards to my previous post on AUDNZD, the price seems to has completed the flag pattern and a bullish rally should resume.
There is also a weekly doji price action signal on the weekly chart which is suggesting indecision. However, since our bias is bullish it can serve as a buy signal.
The trading plan here is very conservative as we're putting our stop loss at the major low that will invalidate the bullish scenario with a 1:3 Risk Reward.
Safe Trading!
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 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.