SELL AUDNZD
Good Day Traders!
The pair failed to break above the Major Resistance area and has been on a range on the Daily TF.
It is currently trading on a downward channel hence we are entering a SHORT position with TP on nearest support
Lower TF RSI also indicates a downtrend.
A break of the 50 & 200 EMA, we can expect price to continuously drop to the Demand area before bouncing back up again
If you like this analysis, please support with your likes/comments and Follow me for future trend updates
Thank you!
The pair failed to break above the Major Resistance area and has been on a range on the Daily TF.
It is currently trading on a downward channel hence we are entering a SHORT position with TP on nearest support
Lower TF RSI also indicates a downtrend.
A break of the 50 & 200 EMA, we can expect price to continuously drop to the Demand area before bouncing back up again
If you like this analysis, please support with your likes/comments and Follow me for future trend updates
Thank you!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.