AUDNZD Long

2024年7月22日

Daily Bias Bullish
Fundamental Analysis
NZD Weakening, AUD Strengthening

Price Action:
H4/Daily TF - Price breakout of resistance level and retrace to retest it.
H1 TF - Price consolidated at S/R level and breakout of consolidation towards upside.


Confluence:
Higher TF (W/D/H4) - Retest of broken resistance of H4/Daily TF
Lower TF (H1/M30/M15) - Breakout of consolidation towards upside.

Set up: Long trade setup at broken H1 consolidation resistance level. Targeting Daily swing high. R:R 1:4/ SL below the consolidation support level of H1