FOREXEL
Long

AUDNZD - Breakout or Bounce..my bet is on a breakout

FX:AUDNZD   Australian Dollar/New Zealand Dollar
23 0 10
Watch 1.1211 for a possible breakout or bounce. See Resistance and Support levels for T/Ps and S/Ls. I will wait to see if we get a breakout and see a confirmation candle above 1.12 and then set my T/P at 1.1552 area.

A bounce would of course open up a possible good short sell as well so it is good to keep ones options open

Happy trading
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