Audnzdlong
AUDNZD Long Set-up 4HI think the chart shows it all here.
We have a longer term trendline acting as support and a clear trendline break upwards complete with a nice pullback for a good looking long entry.
The only thing the chart doesn't show is why I've set the exit point to where I have... My exit is sitting just below the 200EMA.
AUDNZD Is At The UTL Breaking The CTL With A Bullish CSFThe Market Is At The Up Trend Line, This Is The 3rd Hit of This Trend Line,
The Market Created A Bullish Candle Stick Formation At That up Trend Line And Broke The Counter Trend Line,
I Believe The Market Has A Big Chance of Going Up To Hit The Old Past Support To Become Future Resistance,
But The Market Also Created In The Past Equal Lows A little Lower of This Trend Line As You Can See, So If The Market decides To Break That Trend Line I Will Renter Again At The Support.
~ Hitting The UTL
~ Bullisg CSF
~ CTL Break
I hope You Find Some Value in This Trade Setup,
If You Do Please Hit The Like button
Thank You