Kadra-E

AUDNZD long idea

Long
Kadra-E Updated   
OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
Weekly Chart: AUDNZD dropped 13 weeks in a row. RSI is lower than 30% oversold
Ref: Daily Chart: In daily time frame forming falling wedge pattern and also created a massive divergence in RSI.
Ref: 4 Hours Chart: Barely making a lower low in 4 hours time frame. If it drops more possible to open a long position in around 1.032.
Ref:
Please share your Idea on the comment. Thank you.
Comment:
As an expected took support from 1.032 and heading to the upside.
Comment:
One more retest retest 1.032. Good enter opportunity 🤑🤑.
Trade closed manually:
Closing this long trade. Looks formed a Double Top pattern on Week Chart and I think it is not completed, still have room to go down until 1.006.

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.