AUDNZD: Key Level & How to Trade It

27 lug 2020

AUDNZD is approaching a strong daily/4h structure support.
the underlined yellow area is based on a horizontal structure and fib.confluence of multiple impulse legs.
Friday's daily candle has been rejected from it with a dodji candle.

to catch a bullish movement from this key level,
pay attention to a bullish flag formation on 4H.

let the market break above that with 4H candle close.
then buy aggressively or on a retest.

initial target will be 1.0727

stop will be below the last higher low within the flag.


in case of bearish continuation and bearish violation of the underlined structure,
setup will be invalid.