Long term AUDNZD long setup
Last AUDNZD intraday setup only hit TP1 and then price hit breakeven. However, seeing buyers want to buy at a lower price, here we can see a long setup being created.
Weekly is in a downtrend, lots of room for price to rally up a good retail price for buyers to unload contracts for profit.
Daily momentum trendline broke, indicating loss of downward momentum; sellers are exhausting, buyers are starting to push price.
TL;DR
Weekly demand confirmation trade
Weekly is in a downtrend, lots of room for price to rally up a good retail price for buyers to unload contracts for profit.
Daily momentum trendline broke, indicating loss of downward momentum; sellers are exhausting, buyers are starting to push price.
TL;DR
Weekly demand confirmation trade
Trade active
Limit order triggered. No daily supply zones above untik we reach weekly supply level.Note
firs tp should be around 1.08020s
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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.