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The808Trader

Battle of Island Nations - Ichimoku AUD/NZD Trade Idea

Long
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
The808Trader  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Chart Patterns Technical Indicators AUDNZD audnzdlong Bullish Patterns ichimokukinkohyo ichimokuforex ichimokuchart ichimmoku the808trader
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trendanalysis chartpattern indicator audnzd audnzdlong bullish ichimokukinkohyo ichimokuforex ichimokuchart ichimmoku the808trader
This pair has been on a nice bullish breakout over the past week and a half. I am looking for a wick to test support at kijun for another bullish entry. As well as price has been respecting kijun, I'll be placing a stop just below it which should give a great risk to reward on this trade. I am targeting our previous high of 1.0727 as my take profit. As with the previous trades I will close partial there and let the rest run, adjusting my stop loss periodically. If our bullish confirmations change to bearish or support doesn't hold at kijun sen, this setup may become invalidated.
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