AUDNZD Buyers failed to make new high for the third time now

Price is trying to reverse from 1.07 level but stuck between the level and 100 ma.

Buyers already tried to break the MA for 3 times but failed. If 1.07 is broken we have a nice potential downside.

If buyers manage to break the ma then we may have a single target buy.

Like and comment if you find value in our analysis.

Feel free to post your ideas and questions at the comments section.

Good luck


NOTES:

- All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol.
- We never trade just because the price reaches the trading zone. This also means that not every idea is a valid trade.
- Our analysis are trading ideas not trading signals for you. Therefore questions about the status of the trade, stop loss, take profit levels won't help your progress to be a better trader.
- Instead of trying to take this trade and win small profits, focus on the analysis and how to create your own trading style.

Best Regards.

Trade stängt: målet nått:

Banking the first target

Trade stängt: målet nått:

Got both targets. We're out