Cailimb

Here is a potential long position to 0.94000, I believe it is setup to be a good trade, however I wouldn't enter a position until price breaks the 4H resistance. If you look at this chart on the daily timeframe, you will see that this pair had a large price surge, and then began to create a 'flag formation', however once I dropped it down to the 4H I noticed that...

I've tried to keep it really simple when analysing this pair today. I've gone off of a basic key level breakdown, trendlines, trend continuation, and of course a little bit of Fibonacci, I've placed my stops at 1.29840 and my target at 1.36000, which offers 5 times whatever you are willing to risk, I'm hoping keeping it simple helps me to get back on track because...

An approximately 50 pip fall in AUDNZD, given a clean break through entry point on the 30min chart with good, clear divergence and solid formation that also lines up with other timeframes.

A 1/1 RR on usdjpy 1h chart

EURNZD long