Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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AUDNZD APPROACHING A STRONG SUPPROT ZONE & RISING TRENDLINE SO WHAT!?
As we can see price is overall clearly bullish trading inside this channel making clean higher highs and higher lows
So, for now price started the correction and approaching our rising trendline and support zone.
Where we will be looking for new longs
So, for now we will be looking for bullish reversal setups as the price approaches more the lower zone.
Like a trendline break, double bottom, or any bullish reversal setup as per your trading plan
Unless price managed traded higher from here, then we will be looking for short as the price approaches the upper resistance zone.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!