WEEKLY TRADING COMMENTARIES FOR 5th AUG- 9TH AUG
Home / Commentary / WEEKLY TRADING COMMENTARIES FOR 5th AUG- 9TH AUG
WEEKLY TRADING COMMENTARIES FOR 5th AUG- 9TH AUG

AUD /NZD-
Analysis Framework - Market Condition , Level , Confluence and Signal .

StrategiesPrice Actions Trading

AUD /NZD - The pair has sustained very strong bullish rally for a while, there was a bullish pin bar formed at support zone 1.10334.There is always a greater risk trading a pin bar formed close to the high of a trend, most times they served as a trap for the herd. The pin bar failed and pullback aggressively into 1.09271

Anticipation- We are anticipating the bullish bias to continue while we wait on the side line for a bearish continuation signal to rally the market to the support zone at 1.07332

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