Hello People,
this is my FIRST analysis that i post here on tradingview, so please dont be too harsh on me! :)
I started to analyse charts just 4 months ago and wanted to exchange ideas and improve myself with the help of other people opinions!
AUDNZD
AUDNZD was not able to break through the resistance line of the downtrend.
It tested the resistance line nearly 3 times on the daily chart, but we still need some confirmation on the daily chart that a swing low will form.
I suggest to put a SHORT position from 1.06774 price probably will touch the fibonacci level at 1.06276.
From this fibonacci level at 1.06276 it could bounce back up to the resistance line of the down channel, OR it could break through and a beautiful swing low will form.
i would appreciate feedback on my first analysis, please tell me what you think about it!
Greetings,
Neko
this is my FIRST analysis that i post here on tradingview, so please dont be too harsh on me! :)
I started to analyse charts just 4 months ago and wanted to exchange ideas and improve myself with the help of other people opinions!
AUDNZD
AUDNZD was not able to break through the resistance line of the downtrend.
It tested the resistance line nearly 3 times on the daily chart, but we still need some confirmation on the daily chart that a swing low will form.
I suggest to put a SHORT position from 1.06774 price probably will touch the fibonacci level at 1.06276.
From this fibonacci level at 1.06276 it could bounce back up to the resistance line of the down channel, OR it could break through and a beautiful swing low will form.
i would appreciate feedback on my first analysis, please tell me what you think about it!
Greetings,
Neko