AUDNZD: potential contrarian setup
Updated
There's a quarterly time at mode downtrend expiration signaling a long trade is possible, whilst the daily chart shows a falling wedge with an uptrending RgMov, displaying a nice channel.
I'd suggest looking for an entry if the last daily high is breached with an up bar.
Entry would be a buy stop with a 1 atr stop under the last daily low.
Good luck!
I'd suggest looking for an entry if the last daily high is breached with an up bar.
Entry would be a buy stop with a 1 atr stop under the last daily low.
Good luck!
Trade closed: stop reached
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