See daily chart of AUDNZD below for the discussion that follows.
AUDNZD has steadily been trending higher over the last couple of weeks / months and it made another higher high this past week. If price can retrace back to support (previous resistance), I will look to go long if I see the relevant price action / candles as per my strategy.
Markets are still pretty news driven. Some traders like this type of markets, others don’t. Know when your strategy performs best and be careful 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.
Thanks and Regards,
Trading SOS SOS