ciisemoney

PSYCH level (price action)

Long
FX:AUDNZD   Australian Dollar / New Zealand Dollar
What i noticed is that trading a certain pair alone does not confirm entry.
Utilization of correlating pairs and managing trades that way has more probability in capturing pips.

Therefore, AUDNZD inversely correlates with EURNZD

The trade will be invalidated if price breaks the psych level of 1.0500
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.