AUDNZD is moving up nicely so far with in its new created channel, I believe this is still going higher and there is still money to be made here if you play it right.
Buying low at the bottom of the channel can be a good idea if it holds, I have taking profits at the top of the channel and Im looking to reenter at the bottom, if it shows me a buy signal, one of the things I will look for is a increase in buying Volume at the bottom of the channel where it currently is.
If it break down I'm still bullish but in the short term it might make a deeper retracement, AUDNZD if you look back at the past you will see that its very aggressive when going up so im expecting this to be no different.
I hope you found this post valuable.
Best of Luck With Your Trading.
Buying low at the bottom of the channel can be a good idea if it holds, I have taking profits at the top of the channel and Im looking to reenter at the bottom, if it shows me a buy signal, one of the things I will look for is a increase in buying Volume at the bottom of the channel where it currently is.
If it break down I'm still bullish but in the short term it might make a deeper retracement, AUDNZD if you look back at the past you will see that its very aggressive when going up so im expecting this to be no different.
I hope you found this post valuable.
Best of Luck With Your Trading.
