informedtrades
Long

AUDNZD Pulls Back to 200 EMA in Uptrend

FX:AUDNZD   Australian Dollar / New Zealand Dollar
19 0 2
This setup appealed to me for a few reasons:

1. Price has pulled back to the 200 EMA
2. Price is clearly in an uptrend
3. The 200 EMA corresponds to a support level going back to June and August of this year, thus re-affirming its significance
4. Candlesticks are stalling a bit at this level

For these reasons, I'm long at 1.1035, with my stop at 1.0947 and my take profit at 1.1290.

Continue learning about trading: http://www.informedtrades.com
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out