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
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.