As I mentionned in previous post, I am already long AUDNZD through Long Call options and I also bought some outright. Not much, since the 4 Hrs Slow Stochastic is a bit overbought and Price has tried to break a relatively thick Kumo on friday. I still think we will first see a pullback to 1,0600 - 1,0610 support level, where as marked we can go for a long entry with excellent 1:4 expected risk/reward ratio. I will certanly add to my longs there. "callout" on the 4 Hrs chart explaining what is the difference between now, and the previous spike upto the Cloud.
We can not exclude the chance for the immediate break of 1,0650 either, but in this case I would buy only 0,5 units of trading size. Initial target is 1,0800, maybe 1,0850. There I will close half of the position and wait for pullback on the daily chart, and will check for bullish Ichimoku setups again.
We can not exclude the chance for the immediate break of 1,0650 either, but in this case I would buy only 0,5 units of trading size. Initial target is 1,0800, maybe 1,0850. There I will close half of the position and wait for pullback on the daily chart, and will check for bullish Ichimoku setups again.