jayson.batbatan

AUDNZD - Price Action, Candle analysis

OANDA:AUDNZD   Dolar Australia / Dolar New Zealand
Circled bars indicate bulls and bears fighting it out, at first circle price went down but on the 2nd and 3rd circles the bulls are pushing price higher. So I am currently short term bullish on this pair. I have marked my potential entry point at support rectangle area and potential TPs at initial TP and Final TP.

I will however wait for confirmation candles when price moves to my potential entry area and if bulls do not fight the bears in that area, I am going to assume that bears won there since the recent news is bad for AUD.

Penafian

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