AUDNZD Daily has broken higher out of the strong down trend. It has now retested this trend line. Higher structure has been broken creating new highs, currently price is testing the 618 fib level. I've entered a trade long as shown. R:R looks great.
Note
Clearer 4hr view of break out and retestNote
Move SL to BE.
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Disclaimer
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.