AUD/NZD Bullish Trade Setup | CHoCH Confirmation | 1:2 RR

This analysis highlights a bullish trade setup on AUD/NZD, following a Change of Character (CHoCH), signaling a potential trend reversal to the upside. The price structure suggests a retracement to a demand zone before continuing its bullish momentum.

• Entry Price: 1.10914 (Expected pullback zone)
  
• Take Profit (TP): 1.11414 (Key resistance level, potential target)
  
• Stop Loss (SL): 1.10664 (Below the demand zone for protection)
  
• Risk-to-Reward Ratio: 1:2 (Aiming for twice the risked amount)
  

This trade is structured to capitalize on a retracement before a bullish continuation, aligning with market structure shifts. The CHoCH breakout confirms the transition to a bullish bias, making this an optimal trade with a favorable risk-reward ratio.