NZDAUD trade ideas
💡Don't miss the great buy opportunity in AUDNZD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.11140).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDNZD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 45
Take Profits:
TP1= @ 1.11740
TP2= @ 1.12060
TP3= @ 1.12530
TP4= @ 1.13160
TP5= @ 1.13930
SL= Break below S2
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AUDNZD Trading Plan - 12/Jul/2022Hello Traders,
Hope you all are doing good!!
I expect AUDNZD to go DOWN after finishing this correction.
Look for your SELL setups.
NOTE: I expect another up thereafter but let's see how next wave will behave.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea