See daily chart of AUDNZD below for the discussion that follows.
AUDNZD broke resistance this past week. Should price retrace and there is bullish price action / candlesticks in this area, that would be confirmation (that resistance turned into support) for me to consider a long position.
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.