Evening Traders,
Today’s analysis- AUDNZD- trading at a key trade location where a respect is probable,
Points to consider,
- Price action impulsive
- Local S/R Support
(.50 Fibonacci Confluence)
- 200 MA S/R
- Swing high objective
AUDNZD’s immediate price action is impulsive towards a key trade location that has technical confluence with the .50 Fibonacci, this allows for a bullish bias.
The 200 MA is considered Dynamic Support, holding this is critical for maintaining a bullish bias.
The swing high is objective, exceeding this level will greatly increase the probability of a trend continuation.
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 lower your body gets the higher your jump will be.”
― Noor Alasadi
Today’s analysis- AUDNZD- trading at a key trade location where a respect is probable,
Points to consider,
- Price action impulsive
- Local S/R Support
(.50 Fibonacci Confluence)
- 200 MA S/R
- Swing high objective
AUDNZD’s immediate price action is impulsive towards a key trade location that has technical confluence with the .50 Fibonacci, this allows for a bullish bias.
The 200 MA is considered Dynamic Support, holding this is critical for maintaining a bullish bias.
The swing high is objective, exceeding this level will greatly increase the probability of a trend continuation.
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 lower your body gets the higher your jump will be.”
― Noor Alasadi
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Unlock Blofin Bonuses
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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.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/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.