AUDNZD - Long Direction: - There is Bullish Momentum and Orderflow indicating the pair will go long. - AUDNZD went into the Bullish OB and is approaching the next level of a Bullish Cycle. - Pair broke YL (Yesterday's Low) indicating possible entry for a buy.
Entry: - W (Double-Bottom) Pattern Formation. - Today's low was held with pins to the bottom side, indicating low was probably not going to be broken. - Divergence showing me pair is a buy. - Volatility band squeeze below the 50 indicates a burst to the upside. - MBL (Market Base Line) curving upwards below the 50, indicating pair will rise. - RSI crosses the volatility bands (Shark-fin) indicating a rise in the pair. - RSI near the 32, indicating pair is exhausted and near oversold. - 13 EMA Cross indicates pair will continue rising above the 13 EMA.
Exit: - 44 pip TP @ just below YH (Yesterday's High). - 16 pip SL @ just below today's low.