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L_C_Trading

FANTASTIC OPPORTUNITY TO BUY AUDNZD

Long
Australian Dollar / New Zealand Dollar (OANDA:AUDNZD)  
L_C_Trading Updated   
OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
Chart Patterns Trend Analysis
1
0
chartpattern trendanalysis
Buy at market 1.0498 with a stop at 1.0430 and a target at 1.0860 giving a risk reward greater than 3:1. On 4hr chart a second rejection of 1.0550 area with a convincing 4hour bull bar. Yesterday's day bar a low test bar, weekly oversold.
Comment:
Approaching descending daily trend line at around 1.0550, watch for break or rejection. 4hour chart, solid double bottom formed.
Comment:
Correction of initial idea comments....A second rejection of 1.0450 area.
Comment:
Trade active from 1.0498
Comment:
Hold
Comment:
Stopped
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