by Martin K, September 14, 2021
by Martin Konrad September 14, 2021
AUD/NZD
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Long
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W1
Table of Contents
W1
Support
In AUD/NZD you can see multiple recections from the Zone in a Weekly time frame.
Wait for clear rejection, it probably pushing 4H deeper in the Zone and after should be buyers back.
either 3*0.5% in this Zone on different price levels or 1*1.5%
1.5%
If Price drops deeper in the Zone on a 4 Hour time frame and immediately shows strenght with the next 4 Hour candle. This might be the perfect entry point
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Almost Hit TP1, I would secure first profits cause of news and put stopp loss into Break Even!
Hello,
Excellent idea!! I am totally with you on this view of AUDNZD.
What is your stop-loss?
Thanks,
my SL is 1.02150. If I see a nice reaction I will put SL on BE. On Friday it might push one more time deep in the zone so need to whatch this. there is Witches’ Sabbath date exchange on the stock market so need to whatch out for that! After there should be a strong push from the buying side
Thanks, Martin!