AUDNZD | Short H4 | Market Exe | Trade-Related Trade

Zaktualizowano
Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on H1 & H4 time-frame
- Price action is close to a Supply Zone (Blue Area) & has Resistance Trendlines around
- Aiming for the 38.2% Fibo retracement to TP

Fundamental Confluences for Trade:
- Nothing much can dictate the movement of this FX pair as they are heavily trade-related. Any major movement will come from supply-demand areas, monetary policies or economic data gyrations.

Suggested Trade:
Entry @ Area of Interest 1.0970 - 1.1010
SL @ 1.1060
TP 1 @ 1.0920 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.0838
Risk-to-Reward @ Approx. 2.04 (Depending on Entry Level)

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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.

Any websites / brokers / applications suggested here are also provided as informational purpose only.


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Uwaga
TP1 achieved. Take profit on half the position and move SL to break even levels.

Enjoy the remaining trade, risk-free. :D
Transakcja zamknięta: osiągnięto wyznaczony cel
TP 2 achieved.

Looking forward to the next trade. :D
AUDNZDaudnzdshortBeyond Technical AnalysisChart PatternsTechnical IndicatorsretracementstochasticoscillatorsupplyanddemmandSupply Zonesupportandresitance

Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
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