AUDNZD Trade Analysia

System C's AUDNZD trade reason



Gold arrow: Entry price

Red arrow: Stop loss price

Green arrow: Take profit price

Trade Setup:

AUDNZD formed a significant channel in both Hour 1 and hour 4 timeframe.

Trade confirmation:

Price rejected top of the channel


Trade reasons:

1) price rejected channel

2) Superb risk-reward ratio ( 1 - 1.34 )

3) price broke key support level - Black Line


Take profit reasons:

1) Above the bottom of the channel


Stop loss reasons:

1) Stop loss level was set to be above the top of the key channel

2) If price breaks channel line it might be a clear up trend

3) So we will have to play safe and keep our levels right there.