8 Sep 2014

DOUBLE BUTTOM BREAK ON AUD/NZD





AUD/NZD DAILY

As the rate has broken the double buttom neckline, I just took a small long position at 1.0950.

I will be scaling in this trade:
  • If we see strong buying after a test to the broken neckline
  • If we have a strong break above the 1.1000 resistance level


I have my stop at 1.0700 and pretty hefty targets:
  • 1.1200
  • 1.1600
  • 1.2500



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