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AUDUSD & NZDUSD Analysis This is a price behavior approach, for education purposes. The Price will not travel in a straight line, and it takes a great deal of time & effort for an ongoing primary trend to change. The situation in the Aussie and Kiwi is similar and the approach must be the same, however, we have a hierarchy in our selection whether to buy or sell. When buying we prefer to long the Aussie and Sell the Nzd when bearish. Still trade what you see not what you think.
by Charts247TradingAcademy
NZDCAD Sell 800 Pip Opportunity - ConfirmationMy previous analysis of EURNZD Sell entry was to wait for a daily bear candlestick formation. We now have the green light. Entry: 1. Sell at retest of weekly downtrend line @ .8920 area. 2. Current price of 0.8897 Indicators: 1. Pair currently trading in downwards channel acting as resistance. 2. Daily Uptrend line has been broken with a close under it. 2. Weekly RSI overbought bulls are weakening. 4. Strong Daily Bearish Candlestick close TP levels at past support/pivot levels. Good luck trading! Charles V CVFX Management www.cvfxmanagement.com @cvfxwealth Trading made simple.
Short
by cvfxwealth