FX:AUDNZD   Australian Dollar / New Zealand Dollar
Audnzd opportunity! As we can see the market is bearish , we have seen a breakout of the trendline and a retest,
the retest bounced of the fib level 50%, we only take trades based on 3 confirmations and the final confirmation would be the candle stick!
If it gives us a rejection candle stick (price action) then we will be taking this trade to the downside around 80pips with a small SL at 25pips ... risk to reward around 1:3.

Confirmation
1 - breakout and a testers
2 - fib level 50%
3 - candle stick rejection
(price action)

Comments

the price action looks good on audnzd, nice work
Reply
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