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.

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