AUD/NDZ Buy at the 50EMA on the 1H

1) 50EMA tested once
2) Higher highs and lower lows show an uptrend
on the 1h and 4h
3) 50EMA right at horizontal support, Pivot and in the middle of the 50 and 61.8 fib retracement which confirms a multiple and very strong support level!
4) Safe stop loss below the 200MA

I use a short term risk reward ratio of 1:1.5 for this trade.

High propability trade!

Comment:

Limit order filled!