Yordan Kuzmanov
Private, 1st Class
- Messages
- 267
Buy dips after bullish convergence in AUDNZD
Vladimir Ribakov explains the bullish opportunity forming in AUDNZD in his daily video analysis. Pair is forming false break on the daily chart along with bullish divergence, and on the H4 chart already shows convergence. So the plan here is to buy dips on the shorter term TFs. Drop to the H1 chart and wait for double wave correction near the bank zone support around 1.0360-40.
Target 1: 1.0455
Target 2: upper bollinger band on daily chart
Stop Loss: either below 1.0300 (more aggressive) or below 1.0280 (more conservative)
You can check the video explanation by Vladimir in youtube or read the full article on his blog.
Vladimir Ribakov explains the bullish opportunity forming in AUDNZD in his daily video analysis. Pair is forming false break on the daily chart along with bullish divergence, and on the H4 chart already shows convergence. So the plan here is to buy dips on the shorter term TFs. Drop to the H1 chart and wait for double wave correction near the bank zone support around 1.0360-40.
Target 1: 1.0455
Target 2: upper bollinger band on daily chart
Stop Loss: either below 1.0300 (more aggressive) or below 1.0280 (more conservative)
You can check the video explanation by Vladimir in youtube or read the full article on his blog.