AUDNZD, still in breakout mode. Long

AUD/NZDOANDA

Description

⋅ Dec 21, 2023 12:45 PM

AUDNZD / 1D

Hello Traders, welcome back to another market breakdown.

AUDNZD has been trading in a trading range on higher time frame. The price seem to be forming a triangle which is a breakout mode.

Trade safely,
Trader Leo.

Comments

LegionQ8

⋅ Dec 21, 2023 1:16 PM

Hmmm... Interesting🤔 Maybe AUDNZD will rise a little more and then start to move down?

Leo-btm

⋅ Dec 21, 2023 3:40 PM

@LegionQ8 I think down is limited for now

PrimeTrading

⋅ Dec 22, 2023 12:32 PM

It's just a longterm sideways range in this pair. Not much to get excited about.

Leo-btm

⋅ Dec 22, 2023 11:08 PM

@PrimeTrading yeap but it seems like an accumulation

WalterMoon

⋅ Dec 21, 2023 3:37 PM

Hello!✌
In my mind, AUDNZD can little correction and later bounce up. What do you think?🤔

Leo-btm

⋅ Dec 21, 2023 3:41 PM

@WalterMoon I think the down side is limited, even if it comes more down I'll add more longs on the spot.

Arazmajeed

⋅ Dec 21, 2023 1:42 PM

Amazing explanation, very helpful thanks

Leo-btm

⋅ Dec 21, 2023 3:40 PM

@Arazmajeed Welcome mate

Leo-btm

⋅ Dec 21, 2023 12:46 PM

Let me know your opinion traders.