AUDNZD Retest (False break)
Updated
It can be seen on the AUDNZD chart price bounces on the strong resistance become support and it shows that the price is Retesting, with a strong bounce in the area with the formation of a bullish candle and the formation three line strike (not perfect)
Entry: can enter now to try to get a sniper entry (quite risky), or wait for the next candle.
If u entry now and the next candle don't show a strong up, then you have to be careful , because it should be after a strong price bounce and confirmed by price action. then the next candle should show a strong rise
SL : 1.0792 (50 pips)
TP 1 : 1.0889 (+1)
TP 2 : 1.0947 (+2)
TP 3 : 1.1039 (+3.9)
Entry: can enter now to try to get a sniper entry (quite risky), or wait for the next candle.
If u entry now and the next candle don't show a strong up, then you have to be careful , because it should be after a strong price bounce and confirmed by price action. then the next candle should show a strong rise
SL : 1.0792 (50 pips)
TP 1 : 1.0889 (+1)
TP 2 : 1.0947 (+2)
TP 3 : 1.1039 (+3.9)
Trade closed: stop reached
this is the dilemma of being a sniper entry, sometimes waiting for confirmation and being patient is better than trying to get the initial price.if you enter early you can cut half and buy it again when the price goes up (breaks the bullish candle), or just let it be patient enough
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