AUDNZD: AUD Weakness at Channel Support

AUDNZD
Timeframe: H4
Direction: Long

Confluences for Trade:
- Waning bearish momentum
- Price action at support of downward sloping Resistance Channel
- Horizontal Trednline support close by
- Stochastics at Oversold conditions (1D and W)
- Widening gap EMAs is large

Suggested Trade:
Entry @ Area of Interest 1.0450 - 1.0510
SL: 1.0381
TP: 1.0709
RR: Approx. 2.32 (Depending on Entry Level)


May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.

Trade active

Trade closed: stop reached:

We locked in half profit beforehand and moved SL to BE.

Risk free trade.

Join the Telegram channel below to get the latest update.