Amur-Tigro
Essentialrejection of big support, showing an up trend and reversal on the smaller time frame, big imbalance from the previous downturn in the market
possiblle re-entry if comes back to support and ema cross-over happens shown similar movement in previous price action look for trend before entry
POSSIBLE RETRACEMENT enter possible if comes back to resistance, ema cross over and lower low shown on lower time frame also heavy cad news on the 19th
This is my analysis for AUDNZD, what does everyone think will happen?
so it broke out the downwards wedge , and has potential for a buy but needs to show some confirmation like a retest to 0.64100 or break out the consolidation box i have there. On the other hand, on a Daily Time frame, it just broke out of a long-term uptrend did a retest also needs better confirmation tho. (will leave below)
Quick analysis tell me what you think, There is a uptrend on higher timeframes and it just hit the bottom of my daily trend line.