Fxprotrader
Long

High Probability Buy Setup In AUDNZD

FX:AUDNZD   Australian Dollar/New Zealand Dollar
Looking this pair in the daily chart we may see that price has bounced from a key zone, having completed a double bottom pattern. In the 4h chart we have a pending reversed head and shoulders pattern which can be traded with two ways.

First we may go long from the level of the left shoulder for a much better risk/reward ratio trade setup. A safer way is to wait for price to break above the neckline of the pattern and watch for any buy setups to complete.

Double Bottom
snapshot
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ReneK
6 months ago
Nice setup, i think its going to 1.45 …
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Fxprotrader PRO ReneK
6 months ago
Thank you.. It has great potential.. Let's see..!
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mehmete53307683 ReneK
6 months ago
1.45 huge target :-), my target 1.22
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ReneK mehmete53307683
6 months ago
Next Impulse is coming soon !!


Its around 1.040 if you see this chart.. we will see it goos to 1.22 good Luck !
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Hiisham
6 months ago
what about buying the Fibo 61 ?
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Fxprotrader PRO Hiisham
6 months ago
It almost the same thing..
+1 Reply
forexmech
6 months ago
Thanks mate. Great place to long again.
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IchabodCrane
6 months ago
What are your thoughts on this pair now? I'm still long, but seeing some professional guidance that is decidedly bearish/ short in the near term. Thanks.
Reply
TimStuyts
6 months ago
Price is closing in on that projected low for wave C, only once we test that area my minimum requirements for a high potential reversal are in place. Good trading to you!
AUDNZD short
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