FX_IDC:AUDNZD AUSTRALIAN DOLLAR / NEW ZEALAND DOLLAR
AUDNZD started the sideways move since 9th June and and many traders who are expecting an UP REVERSAL are waiting on the sidelines for price to punch below the current lows and then enter the trade. I agree with that setup. However I also would like to see 2 consecutive UP closing bars breaking and closing above 1.051 to enter - as we may not likely see a break below everyone is expecting when this setup appears.
Trade active: We got the signal of 2 strong closing bars above the trigger line.