AUDNZD in a bullish trend due to Fib Lvls of last swing. Price rebound at 61% and made another stop at 50% to continue its way up
MA 80 shows uptrend.
Doji predict change of movement. Possibly up
SL in 61% Fib
TP in last high pivot point
No news today For AUD or NZD, even low impact
FX:GBPAUD shows Double Bottom (Adan&Adan)
We are in an mayor Uptrend, so its ok to trade its an Up-breakout.
Pattern formed after a minor downtrend
Second bottom is little bit upper than first, so chances increase.
Measure rule from the HH to LL of the pattern. Transfer that measure from the breakout point and above.
We see the pattern when it broke and come...
EURAUD breaking resistance of a consolidation zone
Resistance broken by a big bullish candle
2 candles after, another bullish candle made a re-test
Buy Stop order is placed above the high of that re-test candle
SL is placed in the middle of the consolidation zone in between support and resistance
TP2 is placed in the last significant value zone
TP1 is 50%...