Piphunter1887

AUDNZD-Possible long on the 4hr (confirmation required)

Long
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD has shown an uptrend for approx 3 weeks. Today the sell off has provided an opportunity to jump on the back of this pair. See rationale below:

1) Near term uptrend
2) 100 EMA on 4hr (Red Line) has historically been a good place to buy
3) Indicative trend line drawn (However confirmation required from price action)


What am I waiting for?

Price to close above 100 EMA then add a long position with this pair. Update will follow if it moves in the anticipated direction, if not continue hunting!

Hope you liked the idea! Happy Hunting!

Comments

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