Get started
JD_TeenTrader

AUDNZD - 1:3 Risk to Reward Trade right now

Long
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
JD_TeenTrader  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Harmonic Patterns Chart Patterns Technical Indicators AUDNZD buyaud rsi_divergence harmonictraders
3
0
harmonicpatterns chartpattern indicator audnzd buyaud rsi_divergence harmonictraders
The AUDNZD pair has been trending downwards but it seems to have hit a good support to go up again.

Daily: There are a number of harmonic patterns coming in. Daily RSI is oversold.

H4: There is a low of last week at 1.1045 and RSI is oversold and showing divergence.

M15: There is a M15 RSI divergence.

This is a countertrend with 50 pip SL to gain about 180 in reward.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.