Hello my friends,
Today i got a nice setup on AUDNZD pairs.
Well this pair is a bit slow to trade but since it come to my screener so i will take it.
Before i start explaining this trade setup, please hit the like button for this post and follow me for my latest updates.
I use the 2hr chart to analyze this pair.
As you can see this pair is below the red colored cloud so we could say this pair is bearish at the moment.
This pair go currently retesting horizontal resistance where it acted as support before.
Parabolic SAR also above the price indicating selling pressure on this pair.
Sell AUDNZD 1.0825
Stop loss 1.0870
Take profit 1 @1.0780
Take profit 2 @1.0735
Take profit 3 @1.0690
RR Ratio is 1 : 3
Use only 1-2% risk
Good luck
Disclaimer : I sold AUDNZD from 1.0825
Today i got a nice setup on AUDNZD pairs.
Well this pair is a bit slow to trade but since it come to my screener so i will take it.
Before i start explaining this trade setup, please hit the like button for this post and follow me for my latest updates.
I use the 2hr chart to analyze this pair.
As you can see this pair is below the red colored cloud so we could say this pair is bearish at the moment.
This pair go currently retesting horizontal resistance where it acted as support before.
Parabolic SAR also above the price indicating selling pressure on this pair.
Sell AUDNZD 1.0825
Stop loss 1.0870
Take profit 1 @1.0780
Take profit 2 @1.0735
Take profit 3 @1.0690
RR Ratio is 1 : 3
Use only 1-2% risk
Good luck
Disclaimer : I sold AUDNZD from 1.0825