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
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
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.