For3xScalper
Short

AUDNZD - Correction or Reversal??

FX:AUDNZD   Australian Dollar / New Zealand Dollar
Hello Traders,

Hope you all are doing good!!

Is this the time for reversal or atleast correction for AUDNZD pair??

1) Pair approaching overbought zone.
2) Pair approaching resistance zone .
3) Pair forming divergences on 4H & 8H timeframes.
4) 200MA resistance on 4H.

The risk to reward ratio looks good from here.
On recent occassions in the past, pair moved around 100 pips or more in such cases.

Please follow and like if you agree or this idea helps you out in your trading plan.

Disclaimer: This is just an idea. Please do your own analysis before opening a position.
Trade active: Move your SL to break even or take TP1 at this level
Trade closed: stop reached: Break even

Comments

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