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theselfishtrader

Low Risk Bear Trap on AUDNZD

Long
Australian Dollar / New Zealand Dollar (FX_IDC:AUDNZD)  
theselfishtrader  
FX_IDC:AUDNZD   Australian Dollar / New Zealand Dollar
Chart Patterns Support and Resistance AUDNZD Forex forexsignals trading daytrading
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chartpattern supportandresistance audnzd forex forexsignals trading daytrading
A gentle pullback has tested minor support
An inside bar pattern at support appears to have failed to follow through on a break of support
Price is reversing with some strength and will have trapped any bears that went short on the break
Good RR on a long, targeting the most recent highs at
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