In this Analysis you can see that the AUDNZD price on the 1D chart (1 Day per candle) is crossing the resistance line after resisting at a low level. The High level has been set at around 1.07658 Level. As for the new the price broke a resistance level at 1.03390 it is possible that the price will continue to Increase.
My entry details:
- Entry Level: 1.04084
- Take Profit level: 1.04608
- Stop Loss level: 1.03306
- Risk: 2% of balance
What do we see (?)
Break of the resistance level around: 1.03390
- Crossing of the Momentum indicator and MA indicator.
- Baseline crossing.
- Sufficient volume to trade.
- Long signal(s).
News avoidance (?)
- No specific news event to avoid, it is possible to enter the position as usual.
In my opinion it is possible that the price will rise and a BUY position is suitable in this matter.
*This Analysis is for educational purposes only and is not financial advise.
My entry details:
- Entry Level: 1.04084
- Take Profit level: 1.04608
- Stop Loss level: 1.03306
- Risk: 2% of balance
What do we see (?)
Break of the resistance level around: 1.03390
- Crossing of the Momentum indicator and MA indicator.
- Baseline crossing.
- Sufficient volume to trade.
- Long signal(s).
News avoidance (?)
- No specific news event to avoid, it is possible to enter the position as usual.
In my opinion it is possible that the price will rise and a BUY position is suitable in this matter.
*This Analysis is for educational purposes only and is not financial advise.
