AUDNZD - Correction or Reversal??

14 Tem 2020

Hello Traders,

Hope you all are doing good!!

Is this the time for reversal or atleast correction for AUDNZD pair??

1) Pair approaching overbought zone.
2) Pair approaching resistance zone .
3) Pair forming divergences on 4H & 8H timeframes.
4) 200MA resistance on 4H.

The risk to reward ratio looks good from here.
On recent occassions in the past, pair moved around 100 pips or more in such cases.

Please follow and like if you agree or this idea helps you out in your trading plan.

Disclaimer: This is just an idea. Please do your own analysis before opening a position.

15 Tem 2020

İşlem aktif

Move your SL to break even or take TP1 at this level

21 Tem 2020

İşlem kapandı: durdurma seviyesi

Break even