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cyanfrog
Jul 29, 2015 12:01 PM

AUDNZD bullish engulfing Long

Australian Dollar/New Zealand DollarFXCM

Description

4h chart produced bullish outside bar off daily trendline and 2 fibo counfluence levels 50% and 62% and some minor support levels(better seen on daily). Daily chart also looks promising, but you know... never praise the bar before its closing :)

Strategy stays the same, initial SL under engulfing bar low. First TP at first resistance level(1.104).
Comments
cyanfrog
First TP almost reached. SL is now at BE
cyanfrog
+60pips locked
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