AUDNZD - Daytrading opportunity (Long)
Hi
I have spotted a nice a clean setup that I will engage in just now. All marks like entry, stop and take profit are marked on the chart.
The approach I am using is very simple price action and market structure. No indicators and all that jazz.
What I see here is an impulse followed by a retracement. The retracement was fairly sharp which could potentially be an indication that the overall market is ready to shift. Nevertheless, a hourly close above all these wicks is just too tempting!
Trade goes break-even as soon as we hit the last high.
Let me know what you think in the comments below :)
I have spotted a nice a clean setup that I will engage in just now. All marks like entry, stop and take profit are marked on the chart.
The approach I am using is very simple price action and market structure. No indicators and all that jazz.
What I see here is an impulse followed by a retracement. The retracement was fairly sharp which could potentially be an indication that the overall market is ready to shift. Nevertheless, a hourly close above all these wicks is just too tempting!
Trade goes break-even as soon as we hit the last high.
Let me know what you think in the comments below :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.