AUDNZD: Buy Opportunity
Updated
The daily chart looks good for buying as it dropped a lot. It is time for a correction movement. If so, the lower timeframes are good to search for buy signals. If the price breaks the downtrend line from the 1H timeframe, it will give us a trend reversal signal. We can try to catch a pullback buying above the nearest swing high.
Entry Price: above 1.05550
Stop Level: below 1.05300
Profit Level: at 1.06630
Risk per trade must be no more than 1% of your capital. If the price drops below the local uptrend line, we will have to search for a new trade opportunity.
Entry Price: above 1.05550
Stop Level: below 1.05300
Profit Level: at 1.06630
Risk per trade must be no more than 1% of your capital. If the price drops below the local uptrend line, we will have to search for a new trade opportunity.
Comment
The sell trade was not activated. We have to search for a new trade opportunity.
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