AUDNZD potential Buy setup
Recommended trading levels:
Entry Level(Buy Limit): 1.08441
Stop Loss Level: 1.07469
Take Profit Level 1: 1.09413
Take Profit Level 2: 1.10385
Take Profit Level 3: You can ride, by trailing SL to new HLs.
Reasons for bullish bias:
- Bullish harmonic XABCD pattern
- Price broke strong resistance and took its support
- Entry at Fib 0.5 level
- DOW theory, price broke LH
- Bullish divergence
Entry Level(Buy Limit): 1.08441
Stop Loss Level: 1.07469
Take Profit Level 1: 1.09413
Take Profit Level 2: 1.10385
Take Profit Level 3: You can ride, by trailing SL to new HLs.
Reasons for bullish bias:
- Bullish harmonic XABCD pattern
- Price broke strong resistance and took its support
- Entry at Fib 0.5 level
- DOW theory, price broke LH
- Bullish divergence
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