AUDNZD ~ Looking good for a LONG entry
I like a long entry here because:
- Price broke above trendline
- Dropped back and retested trendline and held above it
- Triple bottom with slightly higher lows
*IMPORTANT Level to watch: 1.04770 (black dashed line) ~ A further break above this will give higher probability to a move back to the north
*Green dashed line a good initial profit target if that occurs...
Not likely that we see this unfold until we get into next week, but still eager to see how this one unfolds! :)
GOOD LUCK TRADING!
- Price broke above trendline
- Dropped back and retested trendline and held above it
- Triple bottom with slightly higher lows
*IMPORTANT Level to watch: 1.04770 (black dashed line) ~ A further break above this will give higher probability to a move back to the north
*Green dashed line a good initial profit target if that occurs...
Not likely that we see this unfold until we get into next week, but still eager to see how this one unfolds! :)
GOOD LUCK TRADING!
Comment:
Profit target has been reached :) Stay in the trade at your own discretion, there's evidence of a further move up from here as the trading week continues....Good luck everyone!