Did you see this signal?

Written by Raul Lopez on . Posted in Trades & Analysis. 4 Comments

Well, I guess my first question should be: are you looking for long opportunities in the AUDNZD?

If you are not monitoring it, take a look at it, it’s worth it.

Earlier this morning the AUDNZD retraced back to an important short term support level, and got rejected after a price action pattern.

Here is the chart:

AUDNZD Analysis

It was a bit early for me, and didn’t see it until two candlesticks after the signal, so wasn’t able to take it.

Did you see it?

In case you did, I’d recommend you to take partial profits at the short term resistance level and place the other half just below the next LT resistance level which is at 1.3042

Sounds good?

Let me know

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .
  • Gluva Trader

    Yeah the price can not break LOPS1 and there is a bullish engulfing candlestick. So we can BUY at the opening of next candle? Right?
    But I do not trade AUDNZD

    • Raul Lopez

      Mmmm… Not exactly. The signal was triggered earlier this morning based on the pattern it formed when it got rejected from the bottom of the range. Regards,

      • Gluva Trader

        Thanks for your reply Raul,
        So, if the signal appears, when I must open the position?

        • Raul Lopez

          Just when you get your signal :D

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