FX:AUDNZD   Australian Dollar / New Zealand Dollar
108 4 5
Reasons to enter this trade

i) Negative bullish divergence RSI
ii) Price at lower trend-line
iii             ) Confluence of the trend-line with Support at 1.105

A buy stop order at few pips above 1.1087, with a stop loss below 1.10963, targeting a profit at 1.15.
Please see below update:
Reply
target looks good ;)
+1 Reply
HamedAghajani Fib.The.Gentleman
Hi Patrick. I rather to buy when the market had built upward momentum, hence suggested a buy stop. I think your decreases Reward to Risk ratio, a bit. Thanks for sharing your chart and analysis.
Reply
Fib.The.Gentleman HamedAghajani
Hey Hamed,
true with your buystop. With my Setup it could easily go further down, snapping back up, and im out... where you are still in ;)
Better Ratio, but less confluence :(
+1 Reply
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