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JayStieren

AUD/NZD [DAILY]- AB=CD PATTERN COMPLETING & DOUBLE BOTTOM - LONG

Long
Australian Dollar / New Zealand Dollar (OANDA:AUDNZD)  
JayStieren  
OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Harmonic Patterns Chart Patterns LONG audnzdlong AUDNZD
6
0
trendanalysis harmonicpatterns chartpattern long audnzdlong audnzd
AFTER SEEING A DOUBLE BOTTOM ON THE AUD/NZD (1HR CHART), AND THE NEAR COMPLETE AB=CD PATTERN, ON THE DAILY CHART, IT IS LIKELY THAT THE AUD/NZD COULD REVERT TO AN UPTREND. THEREFORE WE SHOULD CONSIDER A (MEDIUM TERM) LONG.

TAKE PROFIT AT APPROX $1.06680
STOP LOSS AT APPROX $1.03461

I WELCOME YOUR COMMENTS. GOOD LUCK & HAPPY TRADING!

#SWINGTRADING
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