FX:AUDNZD   Australian Dollar/New Zealand Dollar
32 1 1
This pair might offer a very good risk ratio for a long trade on the daily timeframe . It seems like a upper channel is starting to take shape.

We might see a triangle forming first.

In a any case, we are at the very bottom of a potential channel which is a perfect spot to enter the market with a tight stop loss. Then move stop loss to breakeven as soon as we are back into the 1.06 zone.
jbourgault PRO
6 months ago
Previous channel was broken and I got stopped.

However, another potential buy might be in the cards. This pair bounced at the 0.768 retracement level + bounced on the bottom of a channel + we have lots of volume around the current level + a double bottom (with hammers).

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