AUDNZD.... HEAD AND SHOULDERS!
Good day to all traders today I will show you my bullish setup on the AUDNZD pair.
As we can see from the graph we can see the presence of an inverse head and shoulders.
The price as you can see from the chart broke the neckline which on the chart is indicated by red arrows and is now retesting towards the neckline.
Well so far all fluid.
moving on to the operational part, I propose a bullish setup with a good risk return that can vary according to your own risk management rules.
My advice is to place the stop loss below the broken neckline.
The graph shows the two price areas that I will use to place my operating take profits.
Possible take profit areas on the chart are marked with blue flags.
IF you like my ideas, leave a like or a comment and start following me.
As we can see from the graph we can see the presence of an inverse head and shoulders.
The price as you can see from the chart broke the neckline which on the chart is indicated by red arrows and is now retesting towards the neckline.
Well so far all fluid.
moving on to the operational part, I propose a bullish setup with a good risk return that can vary according to your own risk management rules.
My advice is to place the stop loss below the broken neckline.
The graph shows the two price areas that I will use to place my operating take profits.
Possible take profit areas on the chart are marked with blue flags.
IF you like my ideas, leave a like or a comment and start following me.