Hi Traders! AUDNZD forecast follow up and update is here. On December 9th I shared this “AUDNZD Buy Idea Based On Multi-timeframe Analysis” post in trading view. In this post, let’s do a recap of this setup and see how it has developed now. If you would like to learn more about the way we trade and the technical analysis we use then check out the Traders Academy Club. Spoiler alert – free memberships are available!
My Idea
Based on the above – mentioned analysis my view was bullish here and I was expecting the price to continue higher further after a valid breakout above the top of the range. The price action followed my analysis exactly as I expected it to, we got a valid breakout above the top of the range which we may consider as a fact provided by the market supporting the bullish view and there were no signs opposing this bullish view. The price then moved higher further delivering around 110+ pips move so far.
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To your success,
Vladimir Ribakov
Certified Financial Technician
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