AUDNZD: Potential Trend-Following Trade Explained 🇦🇺🇳🇿

10 May 2022

This morning on a Live Stream we discussed AUDNZD pair:
the price dropped to key daily structure support.

To catch a trend-following move from that,
watch a bullish flag pattern on 1H time frame.
You need an hourly candle close above that to confirm a breakout.

Goals will be 1.1049 / 1.1074

If a price breaks a yellow zone to the downside,
the setup will be invalid.

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11 May 2022

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Check my new analysis on NZDJPY: