AUDNZD Reversed Nicely Off Its Resistance, Prepare For A Further
Sell below 1.0663. Stop loss at 1.0701. Take profit at 1.0551.
Reason for the trading strategy (technically):
Price is testing its resistance at 1.0663 (100% Fibonacci extension, 50% Fibonacci retracement, 23.6% Fibonacci retracement, horizontal overlap resistance) where we expect prices to react off its, pushing its all the way down to its support at 1.0551 (100% Fibonacci extension, 61.8% Fibonacci retracement). We do have to be cautious of the intermediate support at 1.0605 (61.8% Fibonacci extension, 38.2% Fibonacci retracement).
Stochastic (89, 5, 3) is testing its resistance at 95% where we expect to see a corresponding reaction.
Reason for the trading strategy (technically):
Price is testing its resistance at 1.0663 (100% Fibonacci extension, 50% Fibonacci retracement, 23.6% Fibonacci retracement, horizontal overlap resistance) where we expect prices to react off its, pushing its all the way down to its support at 1.0551 (100% Fibonacci extension, 61.8% Fibonacci retracement). We do have to be cautious of the intermediate support at 1.0605 (61.8% Fibonacci extension, 38.2% Fibonacci retracement).
Stochastic (89, 5, 3) is testing its resistance at 95% where we expect to see a corresponding reaction.
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.
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.