New trade idea NZDAUD
- Primary trade setup:
Important Daily support and a prolonged upward trend that may need a break according to the guidelines of the market structure. We can wait until the price decides to break its consolidation and perform a new test below the previous maximums. Positive risk benefit ratio.
Secondary Trade setup.
If the price decides to raise even more to one of the daily supports, we would expect a retest in this area. (We assume that the price is coming down)
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