- Respecting 0.786 fib level at a KEY level.
- Bullish engulfing formed over night.
- Bullish pressure breaking out of this consolidation zone.
- Next key area is 1.08140, so there's a lot of potential for a move to the upside without much resistance.
I would like to see a small pullback followed by continued rejections before getting involved in a sell position. As you can see, price failed to hold above the daily resistance level and we have now closed below it and have broken the small ascending trendline. This could be signs that price is failing to push higher and that a significant sell-off is...
This pair is a bit of a mess.. we can see that price broke support and was pushed back up a little by the buyers.. the sellers forced price to break support so its safe to say we are setting up for a sell
I am waiting for confirmation before jumping in as price could float about before dropping
AUDNZD - SELL
SL - 1.07165
TP - 1.04209
Once support has been broken and there is confirmation then we will sell to the green area
As we can see from this chart price broken through once but quickly shot back up past support.. I am waiting for a clear signal before entry
AN long. Waiting for a pull back to the purple box area given, this also lines up with the ascending trend line as well as the 61.8 fib level for us to look at taking a long trade.
Take partial profits.
200 PIP GAiN 9/1 RR