Self Explainitory. Cmon now.
Title pretty much says it all. Edit: I selected "Long", but it was meant to be short, as you can see from the chart.
Things are looking good.
A lot of potential. Update: Reached and exceeded TP. Trade couldn't have gone better.
Looking to get in on the daily, but 15 min chart is suggesting a retest of the resistance levels. I would suggest looking at Tom_Killicks NZDCAD daily chart (link below) below for better clarification.
Both stochastics and AK_Trend give the buy signal.
Confirmed if current candle closes red. 3:1 Risk to Reward. 2.33107 Target.
1st: Bounce off resistance 2nd: Heiken Ashi indicates a change in direction 3rd: Stochastics crossed in the oversold area and indicates a momentum change is likely. Overall trend is bullish, so look for it to continue up soon, but one should be able to profit off a short for the next few periods.
Clearly defined support and resistance zone. Recent bounce off resistance. Oversold on Stochastics. Following a Three Drivers Pattern. The risk/reward ratio is excellent. Agree or Disagree?
AUDUSD Oversold, Bounce off resistance