AUDNZD Daily S/R| Swing High| .382 Fibonacci| Price Action
Evening Traders,
Todays analysis – AUDNZD- trading above a key S/R zone where a respect is probable,
Points to consider,
- Price Action Impulsive
- .382 Fibonacci Support
- Daily S/R Objective
- Oscillators Neutral
AUDNZD’s immediate price action is trading above a level that has technical confluence with the .382 Fibonacci, this S/R level has a high probability of holding.
The Daily S/R is immediate objective, exceeding this level will increase the probability of trend continuation.
Both oscillators are trading neutral, a reversion to their means is highly probable
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,
“The market is a device for transferring money from the impatient to the patient.”- Warren Buffet
Todays analysis – AUDNZD- trading above a key S/R zone where a respect is probable,
Points to consider,
- Price Action Impulsive
- .382 Fibonacci Support
- Daily S/R Objective
- Oscillators Neutral
AUDNZD’s immediate price action is trading above a level that has technical confluence with the .382 Fibonacci, this S/R level has a high probability of holding.
The Daily S/R is immediate objective, exceeding this level will increase the probability of trend continuation.
Both oscillators are trading neutral, a reversion to their means is highly probable
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,
“The market is a device for transferring money from the impatient to the patient.”- Warren Buffet
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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!
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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.