Trade Idea: Bullish Reversal
AUDNZD has continued its move lower and lower following a bearish channel trend starting all the way back in May. Now price has reached a critical support level of the trend. This gives rise for a potential bullish reversal if price rejects a break lower.
Trade Details:
Positioning: Long
Time frame: 1H
Length of Trade: 3 Days to 1 week
Entry: Between 1.0390 to 1.0380
Stop: 1.0360
Exit: 1.0480
AUDNZD has continued its move lower and lower following a bearish channel trend starting all the way back in May. Now price has reached a critical support level of the trend. This gives rise for a potential bullish reversal if price rejects a break lower.
Trade Details:
Positioning: Long
Time frame: 1H
Length of Trade: 3 Days to 1 week
Entry: Between 1.0390 to 1.0380
Stop: 1.0360
Exit: 1.0480
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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.