audnzdpullback

Price is currently showing bearish momentum with the potential to make new lows after price has retarced to the price level at the grey line i have marked which is our entry point Stop loss - Red price level Take profit - Green price level

retrace back to the pivot point and then a potential long position

Long set up Bullish above 1.0925 with profit target at 1.11 There is a possible pullback to broken trendline around 1.087 - 1.083 before moving higher Alternatively bearish below 1.075

1.05 - key resistance level Bullish outcome: 1. Daily close above level 1.05 - targeting levels 1.056, 1.063 and 1.078 above it. 2. Close above 1.05 - go to 1.056, then bounce back off 1.05 and up again to 1.063 and possible above it. 3. Bounce of around 1.045 and then close above 1.05 Alternatively bearish daily candle closing below 1.045 and open the way to...