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AUDNZD Tremendous Risk/Reward Ratio Buy Setup

Long
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
Fxprotrader  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD wavetheory
24
1
audnzd wavetheory
In my previous post about AUDNZD (link on the chart) i described the potential breakout above the upper trendline of the triangle pattern, something that happened with a shap impulsive move. Price has retraced to test the broken level giving us a beautiful buy setup with great risk reward ratio.

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