Technical Analysis and Trading Strategy for AUDNZD
Updated
The AUDNZD concluded last week on a positive note, signaling a prevailing influence of buyers. To consider trading opportunities, examine the 4-hour chart where the formation of a bull flag appears to be underway. Seek a robust, healthy candle to breach the upper channel, targeting TP1. Additionally, a strategic approach could involve placing a buy order from the highlighted demand area just below the bull flag and the path line. If there's further upward momentum with a strong impulsive buying candle beyond TP1, contemplate aiming for TP2 while adjusting your stop-loss after reaching TP1 or trail SL.
Note
TP1 hit,take your profit and wait for break of this level, check for demand around this area for entry and SL + your confirmation confluence.
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