Long
AUDZAR BUY
I am seeing it go all the way up from the technical side but fundamentals always have the last word . The first reason why I see a buy is the fact price reached a previously tested support and gives us a third touch confirmation as you can see with the rectangle.
The second reason I buy id the fact I seer the price has tested the bullish channel's support .
I am crazy about technical analysis , but for me to enter a trade I will always wait for the fundamental confirmation . So as third confirmation , on the Australia Company Gross Operating Profits QoQ news release we have an actual reading of 7.1 % and is 4.1% more than the forcast being 3.0% , I am sure it will move the price up.
I do not use technical indicators because they can be lagging behind the prices sometimes . I hate entering late .
If you have a certain setup with indincators that helps you and you are willing to share , feel free to let me know. Thank you !
The second reason I buy id the fact I seer the price has tested the bullish channel's support .
I am crazy about technical analysis , but for me to enter a trade I will always wait for the fundamental confirmation . So as third confirmation , on the Australia Company Gross Operating Profits QoQ news release we have an actual reading of 7.1 % and is 4.1% more than the forcast being 3.0% , I am sure it will move the price up.
I do not use technical indicators because they can be lagging behind the prices sometimes . I hate entering late .
If you have a certain setup with indincators that helps you and you are willing to share , feel free to let me know. Thank you !
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