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AUD/NZD Swing

by Martin K, September 14, 2021

AUD/NZD W1 Support

by Martin Konrad September 14, 2021

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AUD/NZD

|

Long

|

W1

Timeframe:

W1

Analysis Method:

Support

Analysis:

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.

Trade Plan:

either 3*0.5% in this Zone on different price levels or 1*1.5%

Risk Management:

1.5%

Things To Watch For:

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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    1. 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

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