I REALLY want to go long AUDNZD. However, I want to buy at a lower level if I can.
I can spot the following on the 2H chart:
1. 1st trend line was broken however price struggled to break the second trendline.
2. I can spot hidden bearish divergence. Price made a lower high while stochastic made a higher high.
3. I believe a good area to buy at is between 1.032-1.035 with a Stop Loss below 1.03
4. A buy order will be placed based on a bullish candle stick formation in the buy zone (Bullish Engulfing candle, etc) OR bullish divergence on M15 or M5 time frames.
** If price breaks the second trendline, I will re-evaluate and enter at a pullback.
I can spot the following on the 2H chart:
1. 1st trend line was broken however price struggled to break the second trendline.
2. I can spot hidden bearish divergence. Price made a lower high while stochastic made a higher high.
3. I believe a good area to buy at is between 1.032-1.035 with a Stop Loss below 1.03
4. A buy order will be placed based on a bullish candle stick formation in the buy zone (Bullish Engulfing candle, etc) OR bullish divergence on M15 or M5 time frames.
** If price breaks the second trendline, I will re-evaluate and enter at a pullback.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.