Evening Traders,
Today’s analysis – AUDNZD – Trading at local S/R where a bounce is probable,
Points to consider,
- Price Action impulsive
- Local S/R Support
- Swing high objective
- Oscillators Extended
AUDNZD’s immediate price action is impulsive, trading at a key support that if held, allow for a bearish bias with a bounce into resistance
the swing high is current objective, exceeding this level increases the probability of a trend continuation.
both oscillators are trading in their respective bearish control zones, remaining in these regions is indicative of weakness.
Overall, in my opinion, AUDNZD is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
Today’s analysis – AUDNZD – Trading at local S/R where a bounce is probable,
Points to consider,
- Price Action impulsive
- Local S/R Support
- Swing high objective
- Oscillators Extended
AUDNZD’s immediate price action is impulsive, trading at a key support that if held, allow for a bearish bias with a bounce into resistance
the swing high is current objective, exceeding this level increases the probability of a trend continuation.
both oscillators are trading in their respective bearish control zones, remaining in these regions is indicative of weakness.
Overall, in my opinion, AUDNZD is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
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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.