Advertising
Advertising
twitter
youtube
facebook
instagram
linkedin
Advertising
Aa
Share
facebook
twitter
linkedin

AUDNZD is overall bearish trading inside the brown trendlines
Moreover, the zone 1.1 - 1.11 is a strong support turned into a resistance.


So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper brown trendline. (acting as non-horizontal resistance)


As per my trading style:
As AUDNZD approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)

aud to nzd audnzd purple war zone by the sygnalyst grafika numer 1aud to nzd audnzd purple war zone by the sygnalyst grafika numer 1


Always follow your trading plan regarding entry, risk management, and trade management.


Good luck!

All Strategies Are Good; If Managed Properly!
~Rich


Richard Nasr

Richard Nasr

- Full-time Trader, Coach, and Founder of theSignalyst with 400+ Students Worldwide.
- Founder of RichTL, which is the first and only indicator of its kind to help traders make Objective Technical Analysis.
- TOP author on TradingView platform
- NewsCrypto.io Ambassador and Educator
- Featured on Influencive as one of the TOP 10 Forex Mentors in 2021
- Featured on many websites like Yahoo!, Market Watch, and Digital Journal


Advertising
Advertising