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The AUDNZD is giving us a great long opportunity! Before to continue reading the details and description, I highly suggest you to have a quick look on my AUDNZD Daily Technical Analysis to understand the reasons I believe the market is getting an upcoming new uptrend.
You could check it out clicking the link here below:
Let's focus on the area that interests us:
As we can see, the price is in consolidation after the trend correction, it's now bouncing up and down between the two S/R levels.
The EMA 50 is still showing us a possible uptrend and it's actually rejecting the price!
Should you open a trade right now? My answer is NOT YET! I'd wait a better confirmation, you'll get a great opportunity once the price will break the resistance area.
Stay tuned for updates!
What's your opinion? Share your idea writing a comment!
Trade Safe and Responsibly
Gianni
The AUDNZD is giving us a great long opportunity! Before to continue reading the details and description, I highly suggest you to have a quick look on my AUDNZD Daily Technical Analysis to understand the reasons I believe the market is getting an upcoming new uptrend.
You could check it out clicking the link here below:
Let's focus on the area that interests us:
As we can see, the price is in consolidation after the trend correction, it's now bouncing up and down between the two S/R levels.
The EMA 50 is still showing us a possible uptrend and it's actually rejecting the price!
Should you open a trade right now? My answer is NOT YET! I'd wait a better confirmation, you'll get a great opportunity once the price will break the resistance area.
Stay tuned for updates!
What's your opinion? Share your idea writing a comment!
Trade Safe and Responsibly
Gianni
