AUDNZD is observed in a bullish trend and a trend line can be plotted. Sentiments for this pair are SHORT because there is a divergence whose 2nd peak is way below 70 mark on the RSI scale. If we look at the AUD and NZD currency indices then ZXY is more bearish then AXY which points toward the buying option. Keeping the analysis on a 1H time frame in view, I have placed a pending order of Buy Stop.
The Signal is:
EP: 1.11308
SL: 1.10964
TP: 1.12000 (1:2)
RR: 0.25%
Lots: 0.11
The Signal is:
EP: 1.11308
SL: 1.10964
TP: 1.12000 (1:2)
RR: 0.25%
Lots: 0.11
Trade closed: stop reached
SL HIT.
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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.