AUDNZD Long
Daily Bias Bullish
Fundamental Analysis
NZD Weakening, AUD Strengthening
Price Action:
H4/Daily TF - Price breakout of resistance level and retrace to retest it.
H1 TF - Price consolidated at S/R level and breakout of consolidation towards upside.
Confluence:
Higher TF (W/D/H4) - Retest of broken resistance of H4/Daily TF
Lower TF (H1/M30/M15) - Breakout of consolidation towards upside.
Set up: Long trade setup at broken H1 consolidation resistance level. Targeting Daily swing high. R:R 1:4/ SL below the consolidation support level of H1
Fundamental Analysis
NZD Weakening, AUD Strengthening
Price Action:
H4/Daily TF - Price breakout of resistance level and retrace to retest it.
H1 TF - Price consolidated at S/R level and breakout of consolidation towards upside.
Confluence:
Higher TF (W/D/H4) - Retest of broken resistance of H4/Daily TF
Lower TF (H1/M30/M15) - Breakout of consolidation towards upside.
Set up: Long trade setup at broken H1 consolidation resistance level. Targeting Daily swing high. R:R 1:4/ SL below the consolidation support level of H1
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