AUD To NZD (AUDNZD) – Purple War Zone! - By The Sygnalyst

AUD To NZD (AUDNZD) – Purple War Zone! - By The Sygnalyst

AUDNZD is overall bearish trading inside the brown trendlines
Moreover, the zone 1.1 - 1.11 is a strong support turned into a resistance.


So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper brown trendline. (acting as non-horizontal resistance)


As per my trading style:
As AUDNZD approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)

AUD To NZD Chart


Always follow your trading plan regarding entry, risk management, and trade management.


Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

Richard Nasr

Richard Nasr

- Full-time Trader, Coach, and Founder of theSignalyst with 400+ Students Worldwide.
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