AUD/NZD Moving Below the Rooftop Towards the Order Block

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

AUD/NZD is moving the rooftop bottom towards the order block.

The order block high comes at 1.0648 the double top. The price should come at the W L3 and D 5 and possibly bounce from the zone. The NZD is strong now as the Asian Pacific crosses show increased momentum and volatility. Continuation of the move comes below 1.0655 towards 1.0635 support which is the D L5 pivot.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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