Get started
JeskoTrading

AUDNZD - Potential Long After Breakout on the Daily

Long
Australian Dollar / New Zealand Dollar (FOREXCOM:AUDNZD)  
JeskoTrading Updated   
FOREXCOM:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Chart Patterns Technical Indicators AUDNZD audnzdlong Technical Analysis
2
0
trendanalysis chartpattern indicator audnzd audnzdlong technicalanalysis
As AUDNZD has been moving sideways since mid 2014, I expect this pattern to continue with this recent breakout on the daily chart. This could continue until it hits the upper trend line in time which leads into a historical channel.

We have 4H confirmation of this trend, awaiting the daily candle to close above 1.0468.

Entry: 1.047
SL: 1.044 (varies depending on your risk profile)
TP1: 1.055
TP2: 1.063
Comment:
TP1 hit
TP2 in 25 pips
Trade closed: target reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.