Buy signal for AUDNZD

ProFXTrader

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Market Winning Trade set-ups for 05/17/2015

AUDNZD2-5-21.png

Currency Pair: AUDNZD
Closing Price: 1.0788
Entry Order: BUY stop @ 1.0801
Stop loss: 1.0763
Take profit: 1.0927

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 key reversal bar should propel prices higher.

MWS Strategy Rules

All pending orders not triggered, should be cancelled before the beginning of the next daily session.

SL & TP orders are subject to modification based on prevailing market conditions.
 
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