Market Bias: Bullish continuation
AUDNZD is trading in a strong bullish structure across higher timeframes. Price recently delivered an impulsive move to the upside, breaking previous highs, which places the market in a premium zone.
Rather than chasing the impulse, this setup focuses on patience and waiting for a corrective pullback into a former resistance area that is expected to act as support. This zone is aligned with the 50-period moving average on the H1/H4 timeframes, providing a high-probability area to rejoin the trend with favorable risk-to-reward.
The trade idea is valid only if price retraces into the support zone and shows acceptance. A break below the zone would invalidate the bullish continuation scenario.
If price does not retrace, no trade is taken.
AUDNZD is trading in a strong bullish structure across higher timeframes. Price recently delivered an impulsive move to the upside, breaking previous highs, which places the market in a premium zone.
Rather than chasing the impulse, this setup focuses on patience and waiting for a corrective pullback into a former resistance area that is expected to act as support. This zone is aligned with the 50-period moving average on the H1/H4 timeframes, providing a high-probability area to rejoin the trend with favorable risk-to-reward.
The trade idea is valid only if price retraces into the support zone and shows acceptance. A break below the zone would invalidate the bullish continuation scenario.
If price does not retrace, no trade is taken.
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