AUDNZD price pattern indicates higher prices

ProFXTrader

Junior member
23 2
Trade set-ups for 05/15/2015

AUDNZD2-5-15.png

Currency Pair: AUDNZD
Closing Price: 1.0790
Entry Order: BUY stop @ 1.0803
Stop loss: 1.0770
Take profit: 1.0911

Analysis: This pair has formed a double-bottom price pattern in early April near the 1.0000 level. Since putting in a bottom this pair has thrust higher. For the past few trading sessions this pair has been in a consolidation. Penetration above today's NR4 bar should propel prices higher.
 

Abeer Saba

Junior member
29 1
hi ProFXTrader,

your method is more about breaks in support/resistance levels i use it myself and its been proven if break happened it usually continue up being said that i would putting an alert by email/phone to see when if there's a pullback after break .

Good Luck !!
 
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock