AUDNZD - CYPHER COMPLETION
Updated
We're past the PRZ but we can still enter the trade and take profits at 3 different levels
The 3 levels are at the 38.2%, 50.0% and 61.8% retracement levels.
Previous structure support and resistance are found at the same levels.
Stop loss would be placed 10 pips above point D.
I'd trade this pair with extra caution this week due to a couple of big news release from both countries.
The 3 levels are at the 38.2%, 50.0% and 61.8% retracement levels.
Previous structure support and resistance are found at the same levels.
Stop loss would be placed 10 pips above point D.
I'd trade this pair with extra caution this week due to a couple of big news release from both countries.
Trade active
First TP achieved. The downward trend is bounded within a channel.Trade closed: stop reached
Stop loss was placed above point X. Stop loss was activated.
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