Another trade with upside potential if we catch some momentum from here.

I’m sitting on a long position since Asia with a tight stop below the big figure at 1.1000. We’ve pushed above the trendline from the end of October. That gives a good risk/reward long chance with stops at or below the line (green) or a wider stop loss at the supporting trendline (manly magenta) which comes in at 1.0985-90 for today.

We need to clear the days high and the 50% from the October high – December lows. The next target will be the 50% (yellow area) that keys in with some former traffic around  1.1070.

AUDNZD-H4

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Horatio Dubsly

Collects more scalps than Crazy Horse and newly crowned Bitcoin & Dow top calling master.
Philosophy: "Trading rules.....it most certainly does"

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