AUDNZD has been on bullish trend for some time now. I am expecting a touch on the support and a strong bull trend continuation. Remember to use proper risk management. Lets Download Success.
-AUDNZD H4 ANALYSIS.
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Price failed to make lower low instead of making higher low and approach at main keylevel with bears lossing strength and bulls taking action
Always trail your stop loss after 1:1
DISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex...
An ascending channel is a chart pattern in which the price of an asset is rising within two parallel trendlines. This pattern typically signals that the price is likely to continue rising, and suggests that traders should consider taking a short position, or selling the asset, if the price breaks out of the channel. In this case, the AUDNZD price broke out of the...
I expect bearish continuation with AUDNZD due to the Hawkishness of RBNZ after the 75bps rate hike they also hinted another policy tightening, we'll expect another rate hike coming February next year 2023.
Technical outlook seems to indicate another support level which is broken, and the next target for sellers is next yellow horizontal support level.
Audnzd buy now at price 1.13794
Sl 1.13400
Target 1.14909
Trading idea breakout of resistance in 4 hours and resistance become support and pullback going on
audnzd next possible move with elliott wave and demand supply
audnzd next possible move with elliott wave and demand supply
audnzd next possible move with elliott wave and demand supply
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.11140).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDNZD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
