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Flea_FX

UDNZD Double Bottom (LONG)

Long
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
Flea_FX  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD
5
0
audnzd
Possible double bottom forming on AUDNZD, clean price action with trend line support for a long position.
Stop loss set clear of the double bottom patter with target at recent key level around 1.06.
Daily 50EMA (red) possible negative confluence and an area to be monitored. A manual close may be appropriate if price stalls at the Daily 50EMA.
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