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.
target looks good ;)
snapshot
+1 Reply
HamedAghajani PRO Fib.The.Gentleman
2 years ago
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.
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Fib.The.Gentleman PRO HamedAghajani
2 years ago
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
Please see below update:
Update on #AUDNZD long trade
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