AUD NZD Long Set Up
Trend: ranging
Structure: Descending wedge.
Plan: We have identified a strong lower resistance level that has been tested and respected four times over the last month.
We now look to take a long after the latest bounce to the 0.5 fib level. Those who are aggressive traders could set TP at the upper trend line.
Structure: Descending wedge.
Plan: We have identified a strong lower resistance level that has been tested and respected four times over the last month.
We now look to take a long after the latest bounce to the 0.5 fib level. Those who are aggressive traders could set TP at the upper trend line.
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