NZDUSD and AUDUSD - 60min Timeframe - Nice Buy Setups
A nice buy setup is forming on the one hour timeframe, on
NZDUSD
. Indeed a very similar buy setup is forming also on the AUDUSD pair. Both pairs have been striving for some upside. Because the potential of the coming upside can be quite big, and more specifically on the NZDUSD pair can go and retest previous highs or higher, we will take all the good buy setups on the way. Watch out for breaks of the minor downside correction trend, for long entry points.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
NZDUSD
. Indeed a very similar buy setup is forming also on the AUDUSD pair. Both pairs have been striving for some upside. Because the potential of the coming upside can be quite big, and more specifically on the NZDUSD pair can go and retest previous highs or higher, we will take all the good buy setups on the way. Watch out for breaks of the minor downside correction trend, for long entry points. If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
Comment:
Similar to the Ozzie dollar and just late on schedule. Broke out of the minor trend which kept pushing for downside. Wait for a minor flag type correction, then buy the break of it with a stop loss beneath it.
