AUDNZD Long Swing Position.

AUDNZD tapped our D1 support of 1.03235-1.02390, followed by a sudden bullish impulse up to 1.04265. As the support zone has been hit, accompanied by a strong risk-reward ratio, now is not a bad time to enter long positions. However, we could see further retracement to 1.03235 level, due to this we advise on entering with 25%-50% of your normal lot size. As this is a swing position, expect it to hold this trade for quite a while.

'Trading is about transferring money from the impatient, to the patient' - Warren Buffet

Comment:

AUDNZD has continued retracement on lower time frames. Primarily M15 which is suggesting AUDNZD may be ready for a push up.

Unless you haven't already entered. Enter with 25% of what you'd usually risk AUDNZD long. Prepare for further retracement, only at a third entry upon price reaching 1.03235 region.