AUDNZD LONG - possible bear trap
Do we have a bear trap on AUDNZD?
The market is at a double bottom and just about at a 1.272 reversal.
Market found a bottom started moving up and failed. Has this just created a bear trap and is it now finally about to go up...
Coincidentally it is at the bottom of a range as well.
We have a few confluences - we could go LONG with a small stop
The market is at a double bottom and just about at a 1.272 reversal.
Market found a bottom started moving up and failed. Has this just created a bear trap and is it now finally about to go up...
Coincidentally it is at the bottom of a range as well.
We have a few confluences - we could go LONG with a small stop