FullTimeTrader

AUDNZD-can we catch this crab?

Long
FX:AUDNZD   Dollar Australien/Dollar Néo-zélandais
2
I didnt see this crab befores, may be its already gone...
I see many NZD pairs are making all-time lows, this is a great opportunity to enter the market.
Here we see a bullish crab at all-time low. We have also a 1.27 extension and a trendline support.
The engulfing bullish candle confirms the PRZ, but it is too far from last low.
We can wait for a retracement on D1 or H4 chart to enter the market. I placed a limit order in case the market does it.
Agressive traders can enter at current price with no SL and no leverage
I prefer the 0.61 retracement for target 1 because since we are at all-time lows this trade has strong potential
Good luck.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.