AUDNZD - Breakout channel & Long term possible Head and shoulder
On the daily chart we can see clearly a break of a trend line from May 2016, We have two options to get in this trade. 1. Wait for horizontal support for buy signal 1.0550 or 2. Wait for retest of trend line.
We prefer to get long at the horizontal support around 1.0550, with a stop loss around 1.04000
We prefer to get long at the horizontal support around 1.0550, with a stop loss around 1.04000