AUDNZD may not be my fav pair to trade, but the break and retest setup it has formed is!
Check it out and give me a vote of yay or nay!
Share your analysis with me, as I would like to hear from you on this one!
AUDNZD
Hello traders, welcome back to another market breakdown.
In this video I explain all the reasons behind the bullish move currently on the AUDNZD and how we can get in after a price action confirmation.
Trade safely,
Trader Leo
AUDNZD is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.06891 which is an overlap resistance that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 1.07323 which is a level that aligns with the 38.2% Fibonacci retracement level and sits above a pullback resistance.
Take...
AUDNZD is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.08308 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 1.08546 which is a pullback resistance level that sits above the 38.2% Fibonacci resistance level.
Take profit is at 1.08018...
AUDNZD could rise towards the sell entry at 1.08677 which is a multiple swing-high resistance and could potentially reverse from this level to drop lower.
Stop loss is at 1.09263 which is an overlap resistance level that aligns above the 127.2% Fibonacci extension level.
Take profit is between 1.07950 and 1.07885 which is a pullback support level.
High Risk...
AUDNZD has broken resistance and has come back to retest it as support.
I look for price to continue upwards from this point.
Please leave a comment or suggestion. A "LIKE" would also be nice!
May pips be upon you.
AUDNZD is touching the lower band of the channel and we might see a bounce from here !
Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze...
AUDNZD is reversing from the upper band of the channel and is likely to go a bit lower before it touched the lower band.
Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency...
Seems like we are in the very important consolidating area on the 4h timeframe to dedicate to our swing on AUDNZD.
As a professional trader, we are not a predictor, we will react to recent price action.
It doesn't matter which way it will go we will adopt fast with my fellas and join that trend as soon as possible.
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