Last AUDNZD intraday setup only hit TP1 and then price hit breakeven. However, seeing buyers want to buy at a lower price, here we can see a long setup being created.
Weekly is in a downtrend, lots of room for price to rally up a good retail price for buyers to unload contracts for profit.
Daily momentum trendline broke, indicating loss of downward momentum; sellers are exhausting, buyers are starting to push price.
TL;DR
Weekly demand confirmation trade
Weekly is in a downtrend, lots of room for price to rally up a good retail price for buyers to unload contracts for profit.
Daily momentum trendline broke, indicating loss of downward momentum; sellers are exhausting, buyers are starting to push price.
TL;DR
Weekly demand confirmation trade
Trade active:
Limit order triggered. No daily supply zones above untik we reach weekly supply level.
Comment:
firs tp should be around 1.08020s