See daily chart of AUDNZD below for the discussion that follows.
AUDNZD made a higher high this past week, indicating a resumption of the uptrend its been in or a while now. Currently its testing the previous high (resistance turned support). I will look to enter long here if I see the relevant price action / candles as per my strategy.
The markets are still very tricky to trade… be careful trading out there.
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to 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.