AUDNZD has been looking like the easiest to trade. From the daily timeframe that is at least. Almost a year-long valid structures regularly offer good trading opportunities.
Last time, it was the bounce from 0.062 support but it reversed earlier than that - at about 0.0638, so I did have to let it go. Now it appears to approach higher levels again.
Orange rectangle surrounds something that could be lower timeframe accumulation. If that is true, a false breakout of the orange resistance line is probable.
A pinbar or an engulfing must appear in the purple zone before I enter the trade. The top of the entry range is based on the last high which appeared in these levels. A stop-loss is based on a high before that. First, take profit is nearby the latest low but I am going to close manually if I ever open that trade.
Last time, it was the bounce from 0.062 support but it reversed earlier than that - at about 0.0638, so I did have to let it go. Now it appears to approach higher levels again.
Orange rectangle surrounds something that could be lower timeframe accumulation. If that is true, a false breakout of the orange resistance line is probable.
A pinbar or an engulfing must appear in the purple zone before I enter the trade. The top of the entry range is based on the last high which appeared in these levels. A stop-loss is based on a high before that. First, take profit is nearby the latest low but I am going to close manually if I ever open that trade.
