Just starting out with all of this so thought I would post an entry for some feedback. I took a long entry here on AUDNZD . My reasoning was that price was bouncing off both the 20 and 50 lines on the last candle, which was a low test. In the strategy that I have been learning a low test seems to indicate a long entry, usually supported with price moving down, which it happened to do the day before also.
I am potentially looking to exit at the line above, around the 1.09300 mark as price has reacted to this level in the past.
Any constructive feedback is appreciated.