FullTimeTrader
Long

AUDNZD-can we catch this crab?

FX:AUDNZD   Australian Dollar / New Zealand Dollar
164 0 2
I didnt see this crab befores, may be its already gone...
I see many NZD pairs are making all-time lows, this is a great opportunity to enter the market.
Here we see a bullish crab at all-time low. We have also a 1.27 extension and a trendline support.
The engulfing bullish candle confirms the PRZ, but it is too far from last low.
We can wait for a retracement on D1 or H4 chart to enter the market. I placed a limit order in case the market does it.
Agressive traders can enter at current price with no SL and no leverage
I prefer the 0.61 retracement for target 1 because since we are at all-time lows this trade has strong potential
Good luck.
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