Breaking News

AUD/NZD Potential Upward Movement

AUD/NZD Long-Term Trend: Bullish

Key Resistance Levels: 1.0932, 1.0960, 1.1028

Key Support Levels: 1.0880, 1.0820, 1.0750

Daily Chart:

The price on the higher time frame is in a clear uptrend where it is trading inside a bullish channel formation. A correction count has been posted toward the strong support that coincide with the lower end of the channel.

AUD/NZD Medium-Term Trend: Bullish

4-hour Chart:

On the 4-hr time frame, the price succeeded to break the bullish flag formation to the upside. We expect a lower correction toward the area of confluence that is made of the support & the 61.80% Fibonacci retracement level. this will lead to a move upward to continue in the direction of the main trend.

Signal Idea:

Buy Limit Order @ 1.0820

TP 1 @ 1.0872

TP 2 @ 1.0932

Stop Loss @ 1.0795

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

3 comments

  1. Signed up for VIP, but when i go on the link its saying “sorry, this channel does not exist”? On telegram

  2. Rocco van der Veer

    ah.. finally getting how to place these orders..

    A VIP chat for support would be nice though 🙂

Leave a Reply to Rocco van der Veer Cancel reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!






Free Robot!