Hey Traders! Let me know what you think of my analysis in the comments section.
AUDNZD is showing signs of retiring from it's upward movement. It formed almost equal highs and failed to break the previous high. Now wait for the pair to officially break the trendline and the area of significance that was formed around 1.10175. After the break, we will look for a sell when the price retest the 1.0175 area and fail to break it from below. SL...
I analysed EURUSD, it broke out of the downtrend line and formed a significant level at around 1.07473 which is the potential buying area. Stop loss will be around 1.06627 which was the rejected price after it broke out of the trendline. Take profit will be around 1.09500.
I see a strong resistance on this pair and there is high probability of a pull back. What do you think traders? Let me know in the comments.
The pair has a nice set up which shows a break of a downtrend with a double bottom formed with higher lows. Let me know what you think of my analysis in the comments.
The price formed a double top on H1 chart, showing strong resistance in the area around 1.36453 to 1.36553. We wait for the pair to make a pull back then sell at 1.36263, short-term target is 1.3555 and long-term target is 1.34453. Let me know what you think of my analysis in the comment section.