In addition to the AUDNZD pair, this is another pair that i am watching closely for a final short signal on the lower time frames.
A good rejection of key horizontal resistance. Fisher indicator is deep in overbought area.
103.68-103.50 may act as a near term support for now, and could push for another attempt higher, where if new rejection is seen i will be shorting.
Alternatively, if we head and break and hold below 103.68-103.50 without any bounce, it will probably suggest strong bearish momentum and higher probability of further downside.
If i don't get the confirmation i need, this setup will be totally ignored.
Lets see, i will monitoring and will do my best to keep you guys updates with my action on this.
Trade with care
Best
Technician
A good rejection of key horizontal resistance. Fisher indicator is deep in overbought area.
103.68-103.50 may act as a near term support for now, and could push for another attempt higher, where if new rejection is seen i will be shorting.
Alternatively, if we head and break and hold below 103.68-103.50 without any bounce, it will probably suggest strong bearish momentum and higher probability of further downside.
If i don't get the confirmation i need, this setup will be totally ignored.
Lets see, i will monitoring and will do my best to keep you guys updates with my action on this.
Trade with care
Best
Technician
Nota
CORRECTION: 113 NOT 103
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.