New trade idea NZDAUD

2 thg 3, 2019

• 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)