Retracement Forecast Part 2 - Weekly SwingIf you caught any of my previous analysis of this pair i posted a week or so ago, you will see they all played out in profit.
Another amazing entry opportunity is now open on on AUD/NZD on the weekly chart .
Listed 5 solid confluence below with a juicy 1 to 6 risk/reward.
Since the entry is on the weekly chart, you have hold this for a long swing or just buy all the major swings that that's formed on the way to the top.
I will keep atleast one position to see if we break the major swing high of this down trend, If we break it, i'll consider that an early xmas gift.
CONFLUENCES
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1. Volume profile value area low
2. Bullish order block
3. Golden Zone bullish Fib retracement
4. Bounced off of bullish FVG
5. Cheat code indicator buy signal
Aundzd
AUDNZDHello People, AUDNZD This a scalp imbalance trade.
Okay guys, as you know market does not move straight up in the sky. It needs to be equal so (some/most) people are out of the market.
- Very big Bullish candle
- Big Banks move
- Price will come to the take profit as some point. I know! From there it will either move up or down.
- We need to wait for price to do small pull back then I will enter the market at my entry.
- Need to look how it is at market opens.
I will be risking 2% on this trade that if I get the opportunity to enter.
Risk management need to at finest! Goodluck guys