AUDNZD: potential contrarian setup
There's a quarterly time at mode downtrend expiration signaling a long trade is possible, whilst the daily chart shows a falling wedge with an uptrending RgMov, displaying a nice channel.
I'd suggest looking for an entry if the last daily high is breached with an up bar.
Entry would be a buy stop with a 1 atr stop under the last daily low.
Good luck!
I'd suggest looking for an entry if the last daily high is breached with an up bar.
Entry would be a buy stop with a 1 atr stop under the last daily low.
Good luck!
Trade closed: stop reached
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Related publications
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.