AUDNZD is in a great bullish trend. Price have appreciated massively. Current price is approaching to important support zone (rising trendline). Two possible senarios are into play;
a) A good bullish sign on trendline from candlestick is enough to take long position from the said zone. The price will likely to break recent high.
b) Breaking of trendline will play senario 2. A clear break is needed to open short position and stoploss on recent high to enjoy the complete bearish rally.
Trade your levels accordingly.
a) A good bullish sign on trendline from candlestick is enough to take long position from the said zone. The price will likely to break recent high.
b) Breaking of trendline will play senario 2. A clear break is needed to open short position and stoploss on recent high to enjoy the complete bearish rally.
Trade your levels accordingly.
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