Reasons for Open Position (OP) in AUD/NZD currency on Wednesday (25 November, 2020):
What do you think, my beloved friends?
- The Head and Shoulder pattern is in effect as it awaits the level of: 105.00
- There is a Left Shoulder at the price level: 1.051
- And a Head is formed at the price level: 1.047
- For Open positions between price levels: 1.051 (recommended, not to float).
- For take profit (TP) at the price level: 1.056, middle 1.060 and as high as 106.8
- Regarding Stop loss at the price level: 1.047
What do you think, my beloved friends?