In this post I’m discussing a support zone I’m watching in AUDNZD. See chart below for the discussion that follows.
If AUDNZD can retrace to the support zone marked in the above chart, I will be looking to go long as the last time price had a nice strong bounce from that area. That is if I see my required price action in terms of candles of course.
Currently it looks like price wants to go higher, so we’ll have to see if that support zone gets tested in the coming days; time will tell.
Remember to always have your own trading plan and never, ever follow blindly. Always know where you will be proven wrong on a trade and have stops in place. Honor your stops and never bet the farm.
On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
Thanks for reading.
Thanks and Regards,
Trading SOS SOS