Evening Traders,
Today’s analysis – AUDNZD- trading above Local S/R, holding this level is indicative of strength,
Points to consider,
- Price Action Impulsive
- Local S/R Support (.382 Fibonacci Confluence)
- Daily S/R Objective
- RSI Bullish Control Zone
AUDNZD’s immediate price action is impulsive above Local S/R that is in confluence with the .382 Fibonacci. Price Action has a high probability of respecting this level.
The Daily S/R is current target, breaking this level will increase the probability of trend continuation.
Current RSI is trading in its respective bullish control zone, remaining in these levels is indicative of strength in the market.
Overall, in my opinion, AUDNZD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
Today’s analysis – AUDNZD- trading above Local S/R, holding this level is indicative of strength,
Points to consider,
- Price Action Impulsive
- Local S/R Support (.382 Fibonacci Confluence)
- Daily S/R Objective
- RSI Bullish Control Zone
AUDNZD’s immediate price action is impulsive above Local S/R that is in confluence with the .382 Fibonacci. Price Action has a high probability of respecting this level.
The Daily S/R is current target, breaking this level will increase the probability of trend continuation.
Current RSI is trading in its respective bullish control zone, remaining in these levels is indicative of strength in the market.
Overall, in my opinion, AUDNZD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
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Disclaimer
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Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.