AudNzd renewed Interest

Woow!..What a wonderful experience I had with this pair over tha last two weeks. A whooping 300pips in less than two weeks is not bad, Is it?.

I highlighted a particular zone for reversal on Monday and predicted two possible scenerios (read here) and price reversed just right there to fulfil the second scenerio. The bias now ( at the moment,based on the present data) is bullish.

After that upward move, price appears to have formed a bearish correction pattern which could end between (1.0760 and 1.0730) after which the bull continues its movement.

If the afformentioned level is broken on a high momentum, the bears could resume and second scenerio will be violated and invalid. At the moment, the 2nd scenerio is still in control until price movement proves otherwise.

If you are a short term/intraday trader, you might look at selling to the zone but medium-term guys could wait for a renewed buy signal at the level (well if the market agrees with us)

Please let me know if this blog has been helping someone by your comments  and you can also contact me if you need a trading partner,mentor or fund manager
e-mail-sanmiadeagbo@yahoo.com
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