AUDNZD trade alert!

Please evaluate this for yourself before making the final decision!

This is a very short post, guys- apologies.

I’d consider a buy order, to go long on AUDNZD, entering above the high of today’s close bar, so I would place the order on Monday morning.

My stop would be below the most recent low e.g. 1.0340, with at most, 2% of my account risked.

The trade will have to run for up to 3 or even 6 month, or with a target of 1.3500.

Why am I looking at this?:

  1. All time low.
  2. Bottom of historical range.
  3. Strong reversal bar today,
  4. Weekly rejection bar.
  5. Monthly rejection bar in formation. (this could change)
  6. Bullish divergence on Daily chart.
  7. Bullish divergence on Weekly chart.
  8. Bullish divergence on Monthly chart.

 

Hope this helps,

Adam