AUDNZD - DAILY SUPPORTBullish on AUD/NZD . Daily Support Zone / DAILY Trend Support. This is just my observation.
- Remember risk management 1-3% of your capital
- Take profit of your position partially
- Don't open too many orders at the same time
- Be patient
- Don't be so greedy
- Waiting for a candle close and execute your plan.
- DON’T FOLLOW BLINDLY
- ALWAYS DO YOUR ANALYSIS BEFORE MAKING A TRADE! YOUR TRADE YOUR DECISION!
Audnzdlong
AUDNZD | Bullish Structure 💡- The trade can be a slow burner, but it has the potential to continue a bullish move since it's trending towards the upside on most higher time frames.
- We are seeing a 4-hour bullish engulfing candle formation in process, suggesting bull power in the market as well as a recent MA crossover.
- If resistance will be broken, we could potentially see a push > exhaustion scenario before a continuation move up.
LONG ON AUD/NZDPrice is in a major uptrend and has broken a major resistance level and had retested that level with a double top pattern.
Once price breaks above the neckline of the double bottom it should continue rising.
Here is the play I will be taking on this pair:
P = 1.10457
SL = 1.09789 - 63 PIPS
TP = 1.11296 - 84 PIPS