AUDNZD reached major resistance zone which is also our daily fib level. Zone got rejected several times in the past. If we look at the bigger picture AUDNZD is in a downtrend. Risk reward ratio is good, risk 1 get 2
I'm going to disagree with your analysis and come at it from another angle.
I personally see the long term trend now bullish after reversing so have gone long as per this chart - But yeah that level above will make or break the trade, if price can push past it's clear skies :)
Good luck :)
Early days but as of right now the trade is in profit after giving a great wick rejection off the H4 level.
I personally see the long term trend now bullish after reversing so have gone long as per this chart - But yeah that level above will make or break the trade, if price can push past it's clear skies :)
Good luck :)
Early days but as of right now the trade is in profit after giving a great wick rejection off the H4 level.
Lets see where this takes us.