johnyohana

AUDNZD Long trade setup after the breakout from 4hr TF downtrend

Alış
OANDA:AUDNZD   Avustralya Doları / Yeni Zelanda Doları
from the 4HR time frame we can see that price was in a downtrend obeying the trend-line creating lower highs and lower lows until it reached a point where it failed to create another lower low and broke out to the upside of the downtrend and create a new high and now the price is coming back to re-test the broken trendline where we'll be waiting for the price to re-test the broken trendline which also happens to be inline with the fibonacci retracement level of 61%-71% where we'll be looking to take a long trade after price action gives us the greenligh to go long on that area.
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.