Categories
Charts, Levels and Strategizing

AUDNZD: Week of 18 April 2022

See daily chart of AUDNZD below for the discussion that follows.

AUDNZD has been trending nicely higher over the last couple of weeks. It made another higher high this past week and is currently testing support (previous resistance). Even though I do like the look of the last candle, I will like to see price move a bit lower (more into the support zone). I will then look to go long if I see bullish price action / candles as per my strategy.

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.

Thanks and Regards,

Trading SOS SOS