Looking at this graph it can be supposed a long position on AUDNZD.
First of all, looking at Fibonacci retracement the line is about to reach the 0.5 level, usually a significant turning point. This turning point is also confirmed by a support line at the same level. In addition, looking at Bollinger Bands the graph is about to lay on the base line.
Entry price: 1.04503 (0.5 Fibonacci retracement level)
Stop loss: 1.0400 (corresponding both to a support line, and to a level lower than the "lower line" of Bollinger bands)
Take profit: 1.06129
No Financial advice.
First of all, looking at Fibonacci retracement the line is about to reach the 0.5 level, usually a significant turning point. This turning point is also confirmed by a support line at the same level. In addition, looking at Bollinger Bands the graph is about to lay on the base line.
Entry price: 1.04503 (0.5 Fibonacci retracement level)
Stop loss: 1.0400 (corresponding both to a support line, and to a level lower than the "lower line" of Bollinger bands)
Take profit: 1.06129
No Financial advice.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.