AUDNZD forms an inverse head and shoulder plus a bullish divergence, this suggests that the chances are the trend may reverse and form new higher highs and higher lows.
Take buy-stop entry which is safer than the instant buy. We still need confirmation that the neckline of the inverse head and shoulder is broken.
Buy Stop: 1.06134
Stop Loss: 1.05865
Take Profit: 1.06406
Take buy-stop entry which is safer than the instant buy. We still need confirmation that the neckline of the inverse head and shoulder is broken.
Buy Stop: 1.06134
Stop Loss: 1.05865
Take Profit: 1.06406
Trade closed: stop reached