tf_forex
Long

AUDNZD ~ Looking good for a LONG entry

FX:AUDNZD   Australian Dollar/New Zealand Dollar
6 months ago
I like a long entry here because:

- Price broke above trendline
- Dropped back and retested trendline and held above it
- Triple bottom with slightly higher lows

*IMPORTANT Level to watch: 1.04770 (black dashed line) ~ A further break above this will give higher probability to a move back to the north

*Green dashed line a good initial profit target if that occurs...

Not likely that we see this unfold until we get into next week, but still eager to see how this one unfolds! :)

GOOD LUCK TRADING!
6 months ago
Comment: Profit target has been reached :) Stay in the trade at your own discretion, there's evidence of a further move up from here as the trading week continues....Good luck everyone!
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