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Forex Trading 2018- TA/FA- Setups and discussion, page-4947

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RickM

2,131 Posts.

3

12/12/18

13:01

Post #: 36832755
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Originally posted by telamelo ↑

AUDNZD 4H chart has started tracking sideways with limited downside imo so watching for upside potential in the near term DYOR

https://www.dailyfx.com/aud-nzd

AUDNZD | CRITICAL TRENDLINE SUPPORT FROM RECORD LOW CURBS DOWNSIDE

Crucial support at the 1.06 handle, which also coincides with the rising trendline from the record low posted in 2015 keeps the cross afloat. Alongside this, the bullish RSI divergence on the daily time-frame increases scope for a near term bounce. However, momentum indicators remain bearish, as such, a break below trendline support could see a move of sub 1.05.

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Hi Tele

Yes buy the AUDNZD when you see a good setup on perhaps H4.
I was trading AJ and AN last night for some nice pips on M5. It’s at all set up for a swing back upwards on H4 so I will see how it moves today. If you believe like me in swing waves, there’s a 90% chance it’s up by Friday.
But please DYOR
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