AUDNZD has formed a bullish bat pattern in h1 chart, the price is on the lower band of Bollinger and will probably rise up towards the B point of the harmonic pattern (which is near to 61.8% of Fibonacci retracement of CD leg). I will open a buy trade with take profit and stop loss highlighted in the chart above. Risk no more than 1% of your trading capital!
Buy @1.10358 Take profit: 1.10870 Stop loss: 1.10130
Francesco
Trade closed: target reached
The trade has reached my take profit in a few minutes. GREAT!!!
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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.