Australian Dollar / New Zealand Dollar
Hello dear trader friends,
I have prepared a video analyzing the Australian Dollar against the New Zealand Dollar. In this video, I have examined the major trend, which is bullish. However, in the daily structure, we only have two order blocks. The first order block (dissequential) proved ineffective and broke the trendline. Therefore, I am waiting to buy at the (extreme) order block.
To refine my analysis, I moved to the 4-hour timeframe to expand my ideas. In the 4-hour timeframe, my trend has turned bullish. Before the price reaches my sell order block, if the price hits the two buy order blocks, I will enter a buy position. If it reaches the sell order block sooner, I will consider entering a sell position and cancel the two buy orders, keeping the trade until the end.
Thank you, and I hope this information is helpful to you. If you have any questions, I would be happy to assist!
Thank you very much,
Fereydoon Bahrami
"A retail trader in the Wall Street trading center (Forex)."
I have prepared a video analyzing the Australian Dollar against the New Zealand Dollar. In this video, I have examined the major trend, which is bullish. However, in the daily structure, we only have two order blocks. The first order block (dissequential) proved ineffective and broke the trendline. Therefore, I am waiting to buy at the (extreme) order block.
To refine my analysis, I moved to the 4-hour timeframe to expand my ideas. In the 4-hour timeframe, my trend has turned bullish. Before the price reaches my sell order block, if the price hits the two buy order blocks, I will enter a buy position. If it reaches the sell order block sooner, I will consider entering a sell position and cancel the two buy orders, keeping the trade until the end.
Thank you, and I hope this information is helpful to you. If you have any questions, I would be happy to assist!
Thank you very much,
Fereydoon Bahrami
"A retail trader in the Wall Street trading center (Forex)."
Penafian
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