AUD/NZD Long -- Retest lower channel/LP Line
We have a nice smooth sloping (not too steep) channel and pitchfork that is trending up. My analysis of the large weekly/monthly pattern of this pair suggests pros aren't interested in driving this to new lows (i.e. below parity etc.). Price is live at that line at time of this posting.
Follow your plan -- if you mirror other traders' trades as part of your plan make sure you decide before hand what risk you're going to take on with their trades and stick to that.
Always use a stop loss
Open your mind to multiple scenarios
Meditate before you trade -- mindfulness works. Bring your wandering mind back to your plan.
Follow your plan -- if you mirror other traders' trades as part of your plan make sure you decide before hand what risk you're going to take on with their trades and stick to that.
Always use a stop loss
Open your mind to multiple scenarios
Meditate before you trade -- mindfulness works. Bring your wandering mind back to your plan.
Larger TR setup suggests price could still mark up to 1.08- 1.09 before reaching 1.024 (markets have a habit of having one setup fail right into another that succeeds; money management can be used to take advantage of this).