AUDNZD - Massive Resistance Ahead!
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
AUDNZD is overall bullish however it is approaching a strong resistance in green. (1.135 - 1.140)
As per my trading style:
Since AUDNZD is sitting around a resistance zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
Of course, unless the resistance is broken upward, in this case it would become support and further bullish movement would be expected.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AUDNZD is overall bullish however it is approaching a strong resistance in green. (1.135 - 1.140)
As per my trading style:
Since AUDNZD is sitting around a resistance zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
Of course, unless the resistance is broken upward, in this case it would become support and further bullish movement would be expected.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
Instagram
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Best Crypto Exchange
coincall.com/r/thesignalyst
RichTL.com
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Best Crypto Exchange
coincall.com/r/thesignalyst
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.