AUDNZD is rising and it is showing relevant Supply Levels for Sell Trades.
The highest demand level shows a strong market reaction pushing the price up for 3 weeks now and it shows bullish engulf candles pattern.
The expectation is that the price could have a new Head of Swing just under the head of the previous swing.
We know that we want to sell on the supply around 1.11 and 1.1250, but if the trend line that follow the rising will be broke the price will mark a new supply level.
I marked on chart entry points, trading plan, and other details.
What do you expect?
Thank you
girolamoaloe.com
The highest demand level shows a strong market reaction pushing the price up for 3 weeks now and it shows bullish engulf candles pattern.
The expectation is that the price could have a new Head of Swing just under the head of the previous swing.
We know that we want to sell on the supply around 1.11 and 1.1250, but if the trend line that follow the rising will be broke the price will mark a new supply level.
I marked on chart entry points, trading plan, and other details.
What do you expect?
Thank you
girolamoaloe.com
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