AUD/NZD Bullish Trade Setup | CHoCH Confirmation | 1:2 RR
This analysis highlights a bullish trade setup on AUD/NZD, following a Change of Character (CHoCH), signaling a potential trend reversal to the upside. The price structure suggests a retracement to a demand zone before continuing its bullish momentum.
This trade is structured to capitalize on a retracement before a bullish continuation, aligning with market structure shifts. The CHoCH breakout confirms the transition to a bullish bias, making this an optimal trade with a favorable risk-reward ratio.
- Entry Price: 1.10914 (Expected pullback zone)
- Take Profit (TP): 1.11414 (Key resistance level, potential target)
- Stop Loss (SL): 1.10664 (Below the demand zone for protection)
- Risk-to-Reward Ratio: 1:2 (Aiming for twice the risked amount)
This trade is structured to capitalize on a retracement before a bullish continuation, aligning with market structure shifts. The CHoCH breakout confirms the transition to a bullish bias, making this an optimal trade with a favorable risk-reward ratio.
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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.