AUDNZD - Short-Term Pullback Expected from Key Resistance
AUDNZD - Short-Term Pullback Expected from Key Resistance
📈 Setup Overview:
AUDNZD has been trending bullish but has now reached a critical resistance level that aligns with the upper boundary of the ascending trendline. This confluence suggests a potential short-term pullback opportunity.
🔍 Analysis:
Strong bullish wave structure intact
Price testing key resistance + ascending trendline upper boundary
Expecting retracement toward trendline support
Overall bullish structure remains favorable for continuation after pullback
📊 Trade Details:
Entry: Sell Stop at 1.091745
Risk Management: 1:2 Risk-to-Reward Ratio
Bias: Short-term bearish pullback within larger bullish trend
⚠️ Risk Disclaimer: This is not financial advice. Trade at your own risk and always use proper position sizing.
📈 Setup Overview:
AUDNZD has been trending bullish but has now reached a critical resistance level that aligns with the upper boundary of the ascending trendline. This confluence suggests a potential short-term pullback opportunity.
🔍 Analysis:
Strong bullish wave structure intact
Price testing key resistance + ascending trendline upper boundary
Expecting retracement toward trendline support
Overall bullish structure remains favorable for continuation after pullback
📊 Trade Details:
Entry: Sell Stop at 1.091745
Risk Management: 1:2 Risk-to-Reward Ratio
Bias: Short-term bearish pullback within larger bullish trend
⚠️ Risk Disclaimer: This is not financial advice. Trade at your own risk and always use proper position sizing.
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.
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.