Foreigncurrency
AUDNZD 2022-Jan-23 Trade Idea (No Indicators)AUDNZD Trade Setup Idea Analysis Using Only Trend, Horizontal Support Level, and Horizontal Fibonacci Retracement Support Level. First, identify the direction of the trend. Second, draw horizontal support level across the highs. Third, drag Fibonacci Retracement Tool from previous higher low to higher high. Next, wait for price to retrace to the level where 50% Fibonacci Retracement Level overlaps with Horizontal Support Level. Enter using a buy limit. Enter another order after a bull candle forms on the level.