AUDNZD: Revival of the AUD Strength?
Updated
AUDNZD Timeframe: 1D
Direction: Long
Confluences for Trade:
- Price close to Long Term Support Trendline (since 2015)
- Price at Resistance Line of Parallel Channel
- Price at 78% Fibo retracement levels of previous Low to High
- Stochastic Oversold momentum (W1, D1, H4)
Suggested Trade:
Entry @ Area of Interest 1.0585 - 1.0640
SL: 1.0541
TP: 1.0800
RR: Approx. 2.50 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Trade active
Trade closed: stop reached
Took in half profits before this and SL was moved to BE.Trade active
Sorry, mistakenly said stop reached. Yet to hit SL, trade still active.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
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