Nour_Capital

Swing: Long AUDNZD as it approaches Demand Zone

Long
OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
Reasons:
1. Prior consolidation before strong up move, shows hidden buying activities at this region – buyers will be likely to defend their positions at this level
2. Prior support turned resistance level
3. Downtrend line broken – might be the start of an uptrend. Looking to long only

Our Trade Setup will be:
EP: 1.0427
SL: 1.0375
TP: TBD

Best Regards,
Nour Capital - Tracking Smart Money Flow

Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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