Aussie bull on NZD
Updated
Looking at Weekly.. we are very close to a major trend line that has held on weekly... also.. We have made a Higher high recently.. if the trend line holds then it would make a higher low.. indicating momentum slowly going Bull.. we finally broke over the 200 MAV for a short period.. I will add a small position on the trend line with a stop 100 pips below the last low and If we break the 200 mav.. I will add another bigger position above that..
This is a long term trade 2-3 months possibly. I will update weekly or bi weekly.
ENTRY 1.0560 level
SECOND ENTRY 1.0900
STOPLOSS 1.0270
TARGET 1.1400
This is a long term trade 2-3 months possibly. I will update weekly or bi weekly.
ENTRY 1.0560 level
SECOND ENTRY 1.0900
STOPLOSS 1.0270
TARGET 1.1400
Note
I Meant to originally post weekly chart to show trend line Trade active
Trade going well. Finally got a good bullish push since ranging in a zone. Note
Seems we have found good support and this weekly candle is shaping to be very nice
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