Kumowizard

AUDNZD - An exotic, which can be sexy soon

FX:AUDNZD   Australian Dollar/New Zealand Dollar
102 1 2
First of all, for me this pair is really exotic (not in my trading time zone at all). But today one of tradingview members' idea called my attention:
AUDNZD - Probable major bottom

This is why I started to look at it also under my system. On the daily chart I see outright longs are still way too early, as it i clearly bearish , but certanly there is some chance for that double bottom and also Stoch and MACD are both close to a bullish cross. On 4 Hrs some early signs of a possible consolidation in 1,0500 - 1,0600 range. This can well be a good trend reversal trade a bit later this year. The key level is ard 1,0860 now, but with time passing it will come lower and lower. The problem with double bottom pattern for me is that it can be validated only after a massive spike, rather when the trend reversal actually takes place. That's why my trade idea for now is not more than accumulate plain vanilla Long Calls. On any spot price dips, I will slowly buy 3 months Calls @ 1,08 strike.
Let's put it on the radar!
Kumowizard PRO
2 years ago
Price action: looks it resisting the 1,0550. Watch for 1,0625 breakout! I bought those 3 Months LC @ 1,08 for 80 pips on average.
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