AUDNZD long trade ideaPlan : wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
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Audnzdlong
Long - AUDNZDFX:AUDNZD Seeing a continuation of a buy on AUDNZD. Price is touching upwards trendline which shows another indication in a long position and along with the break of structure made from the previous high. Waiting for a restest of the trendline before entering the position, setting a stop at 1.01208 and first take profit at 1.02996 and second at 1.03845. Hoping for this to play out well at the conclusion of the week.
AUDNZD is trading in ascending channelAUDNZD
This pair is trading in a Ascending channel which is a clear sign of bullish trend.
We can open long positions in AUDNZD at this current level 1.02600
Potential take profit will be 1.03600
Stop lose may placed below the resistance level 1.01900
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