This is a nice setup on 1D time frame chart, NZD showed a strong trend for the past 4 months and now AUD tries to come back. Really nice 5:1 risk reward ratio so I took a chance.
#keepitsimple
Simple Setup:
- A nice triangle breakout on H1.
- Market shows a bullish opportunity and looking for a pullback at 0.99508 because of market exhaustion after breaking out that level.
A really 3:1 on this set up
Simple setup :
On D1 market show a bearish trend and broke the support level (blue line).
On H4 market start to show a triangle pattern set up (red line).
On H1 market show a consolidation (purple line).
If market breaks the resistance level (purple line) most likely market will go to 109.200 level (resistance 1) and exhausted because of long consolidation on...
