naynay97

Bullish Flag pattern AUD/NZD

Long
FOREXCOM:AUDNZD   Australian Dollar / New Zealand Dollar
Was going through this pair when I saw a flag emerging. Price has touches and tested the support line various times (green arrow indicates the testing of the support line).

Hopefully this should be a strong upward trend which should hopefully break through the trendline.

Nice risk/reward ratio setup that will make you a lot of profit and won't eat into your capital too much if the trade goes backwards.