Fxprotrader

AUDNZD Corrective Structure About to be Over

Long
Fxprotrader Updated   
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Price is about to end a short term corrective structure after a very sharp upmove.. Just wait for a breakout and go long with this pair.
Comment:
This setup works great. I didn't post exact stoploss and profit targets but for those who entered the market at the breakout should now move stoploss to breakeven and target for the 1.27 fib level..
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.