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Profound_Ambition
Oct 4, 2017 9:42 PM

AUDNZD 4H Long

Australian Dollar/New Zealand DollarFXCM

Description

Price broke out of its downtrend channel to the upside, now waiting for a retest of broken trend line & touch at the 38.2 fib (Where I will set my entry) to go long. Price currently testing a supply zone, hopefully we can get a push down about 30 pips to my entry & my stop would be under the 200 ema. If we do not get a retrace I will not take this trade..

Trade with care & precision! : )

Comment

Comment

negative aud news, setup invalid
Comments
aadeojo
I think this setup still has a shot, looked to be a successful retest for a buy, just my opinion, great setup!
Profound_Ambition
@aadeojo, thanks! :)
FemiAdewole
Thanks for the update.Hopefully we'll be so lucky next time.
Profound_Ambition
@FemiAdewole, yeah no problem! forgot to check up on if we had news on these currencies , next time for surE!
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