AUDNZD - Daytrading opportunity (Long)
Hi
I have spotted a nice a clean setup that I will engage in just now. All marks like entry, stop and take profit are marked on the chart.
The approach I am using is very simple price action and market structure. No indicators and all that jazz.
What I see here is an impulse followed by a retracement. The retracement was fairly sharp which could potentially be an indication that the overall market is ready to shift. Nevertheless, a hourly close above all these wicks is just too tempting!
Trade goes break-even as soon as we hit the last high.
Let me know what you think in the comments below :)
I have spotted a nice a clean setup that I will engage in just now. All marks like entry, stop and take profit are marked on the chart.
The approach I am using is very simple price action and market structure. No indicators and all that jazz.
What I see here is an impulse followed by a retracement. The retracement was fairly sharp which could potentially be an indication that the overall market is ready to shift. Nevertheless, a hourly close above all these wicks is just too tempting!
Trade goes break-even as soon as we hit the last high.
Let me know what you think in the comments below :)