📈 Market Analysis: AUDNZD BUY
📊 Technical Analysis:
AUDNZD has reached the bottom (higher low) area of the symmetrical triangle in the daily timeframe chart. Additionally, the pair has touched the lower trend line of the descending channel on the 4-hour time frame.
📉 Expectations:
We anticipate the pair to re-test key support levels as highlighted in the attached chart.
📊 Trading Strategy:
This trade is based on a combination of technical analysis and candlestick patterns. These are long-term positions, so ensure you have sufficient margin to manage market fluctuations. Utilize proper risk management in line with your account size.
🚦 Trading Rules:
1️⃣ Rule 1: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading.
2️⃣ Rule 2: After reaching Target 1, avoid placing new trades based on the same signal/alert.
3️⃣ Rule 3: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity.
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📊 Technical Analysis:
AUDNZD has reached the bottom (higher low) area of the symmetrical triangle in the daily timeframe chart. Additionally, the pair has touched the lower trend line of the descending channel on the 4-hour time frame.
📉 Expectations:
We anticipate the pair to re-test key support levels as highlighted in the attached chart.
📊 Trading Strategy:
This trade is based on a combination of technical analysis and candlestick patterns. These are long-term positions, so ensure you have sufficient margin to manage market fluctuations. Utilize proper risk management in line with your account size.
🚦 Trading Rules:
1️⃣ Rule 1: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading.
2️⃣ Rule 2: After reaching Target 1, avoid placing new trades based on the same signal/alert.
3️⃣ Rule 3: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity.
📣 Like and Share for More Insights!
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.
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.