AUDNZD, 4r tf, buy descending trendline breaout
Hello my friends,
Another setup for next week is AUDNZD pairs.
As you can see this pairs was bearish since August until Novemer but last week, it is moving in a sideways direction.
Looks like sellers want to push it down but buyers won't let it happen.
This 1.0500 area has served as a key turning point for this pair.
I think we could see price rotate higher next week because price already broken above the desceding trendline.
Notice also that we got some bullish price action candles at this 1.0500 support.
Buy AUDNZD 1.0510
Stop loss 1.0480
Take profit 1.0585 (2.5R)
RR Ratio 1 : 2.5
Use only 1-2% risk
Good luck
Another setup for next week is AUDNZD pairs.
As you can see this pairs was bearish since August until Novemer but last week, it is moving in a sideways direction.
Looks like sellers want to push it down but buyers won't let it happen.
This 1.0500 area has served as a key turning point for this pair.
I think we could see price rotate higher next week because price already broken above the desceding trendline.
Notice also that we got some bullish price action candles at this 1.0500 support.
Buy AUDNZD 1.0510
Stop loss 1.0480
Take profit 1.0585 (2.5R)
RR Ratio 1 : 2.5
Use only 1-2% risk
Good luck