Hi traders,
AUDNZD price action hit a support zone, where there is a nice consolidation zone. This shows we have a nice bottom at a good technical level where we can expect some upside in the form of a corrective or impulsive leg. Price action hit the Fibonacci extension expiry level showing this further as a viable buying level. When price breaks consolidation, use your tested trading strategy to find the buy.
If you do not know the entry or exit level for this one, you are NOT yet ready to trade live funds.
Best regards,
Tom_Killick
AUDNZD price action hit a support zone, where there is a nice consolidation zone. This shows we have a nice bottom at a good technical level where we can expect some upside in the form of a corrective or impulsive leg. Price action hit the Fibonacci extension expiry level showing this further as a viable buying level. When price breaks consolidation, use your tested trading strategy to find the buy.
If you do not know the entry or exit level for this one, you are NOT yet ready to trade live funds.
Best regards,
Tom_Killick
Comment:
Continued momentum here, we could see breakout of structure.
