AUDNZD has shown an uptrend for approx 3 weeks. Today the sell off has provided an opportunity to jump on the back of this pair. See rationale below:
1) Near term uptrend
2) 100 EMA on 4hr (Red Line) has historically been a good place to buy
3) Indicative trend line drawn (However confirmation required from price action)
What am I waiting for?
Price to close above 100 EMA then add a long position with this pair. Update will follow if it moves in the anticipated direction, if not continue hunting!
Hope you liked the idea! Happy Hunting!
1) Near term uptrend
2) 100 EMA on 4hr (Red Line) has historically been a good place to buy
3) Indicative trend line drawn (However confirmation required from price action)
What am I waiting for?
Price to close above 100 EMA then add a long position with this pair. Update will follow if it moves in the anticipated direction, if not continue hunting!
Hope you liked the idea! Happy Hunting!