AUDNZD have reached the Top of The Ascending Channel, we could possibly see a rejection at the Top of this Channel and price might start moving down or simply Break-out the Top, Retest it and continue it's up movement!
I see a Bearish Engulfing Candle on the 4 Hour TF, but due to The Australian Dollar being a strong Currency for the past week, I would only open a Sell when price gets below the 8EMA (Black color Line) at around 1.06102 area!
On the other hand Price could be just pulling back for a possible move further up as the Daily MACD is still showing strong momentum
🚫🚫🚫⚠⚠DISCLAIMER: ⚠⚠🚫🚫🚫
This is my personal view of this Chart; it does not provide any Signal advise! It is strictly for educational purposes only! You can use the information for your own trading plan. So Please do your own research and analysis and use this information appropriately. Trading is very speculative and risky, and carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results.
Personal Free Advice: You Should NEVER borrow any money to invest, you should NEVER use money intended to feed your Family, Pay for School tuition or Pay for Bills for the purpose of investing in Forex Markets!
Hit the Like button if you agree with my idea!
I see a Bearish Engulfing Candle on the 4 Hour TF, but due to The Australian Dollar being a strong Currency for the past week, I would only open a Sell when price gets below the 8EMA (Black color Line) at around 1.06102 area!
On the other hand Price could be just pulling back for a possible move further up as the Daily MACD is still showing strong momentum
🚫🚫🚫⚠⚠DISCLAIMER: ⚠⚠🚫🚫🚫
This is my personal view of this Chart; it does not provide any Signal advise! It is strictly for educational purposes only! You can use the information for your own trading plan. So Please do your own research and analysis and use this information appropriately. Trading is very speculative and risky, and carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results.
Personal Free Advice: You Should NEVER borrow any money to invest, you should NEVER use money intended to feed your Family, Pay for School tuition or Pay for Bills for the purpose of investing in Forex Markets!
Hit the Like button if you agree with my idea!
Comment:
My Doubts were in the right place, Price pulled back and formed a Bullish Engulfing Candle on H4, But the MACD Histogram still not showing a push up. Let's see what the next 4 to 8 hours bring to this Pair