OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
Looking for a long entry on Aud/Nzd, daily market structure is bullish, close above the resistance, retested the resistance which became support, engulfed bullish candlestick was formed on daily which signal the presence of buyer in the market. Switched down to a lower time frame 4H to check market structure, Price broke out of ranging market structure with a momentum candle, came back to retest the resistance which is equivalent to a 50% pullback level and a 50 ema just under the resistance turned support. Switched to 1H time frame to look for entry, series of doji candle were found on 1H, these are the entry signal.
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