AUD/NZD - Long Setup
On the weekly we see a clear break of the 50 EMA and with successfull pull back and bounce off the 50 EMA
Price also broke through resistance and pulled back
Now we look at the daily for possible entry
On the daily we see 3 rejections of the support line. This is also where the .5 fib retracement resides. I'll wait for a bullish momentum candle to enter long
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.