Sell Opportunity on AUDNZD
Another Aussie pair that has some downside potential is AudNzd. Starting on the daily timeframe, price has had a bearish rejection off of the non-horizontal resistance level. Ever since the rejection, we've been relatively bearish since. Now, price has broken a significant support level and came back to retest it as possible resistance.
When scoping down to the H4 timeframe, price is seemingly having a hard time to get past this resistance level. Although this shows that the resistance is pretty significant, price is still not breaking the H4 support level that I've outlined. If we get a bearish candle closure past this H4 level, that will identify selling momentum that could shoot towards the downside. I have an alert set below the level so if/when price breaks this support, I'll most likely be in for sells.
When scoping down to the H4 timeframe, price is seemingly having a hard time to get past this resistance level. Although this shows that the resistance is pretty significant, price is still not breaking the H4 support level that I've outlined. If we get a bearish candle closure past this H4 level, that will identify selling momentum that could shoot towards the downside. I have an alert set below the level so if/when price breaks this support, I'll most likely be in for sells.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.