AUDNZD Trading Plan on the Daily chart
Main items we can see on the chart:
a) Currently, the price is on the edge of a resistance zone + a descending trendline
b) There we can see a corrective structure (yellow lines)
c) The first thing we will wait for before trading is a clear breakout of the corrective structure
d) IF that happens we will look for corrective structures on the 1H chart, we will trade towards the next bullish target
a) Currently, the price is on the edge of a resistance zone + a descending trendline
b) There we can see a corrective structure (yellow lines)
c) The first thing we will wait for before trading is a clear breakout of the corrective structure
d) IF that happens we will look for corrective structures on the 1H chart, we will trade towards the next bullish target