Market Winning Trade set-ups for 05/17/2015
Currency Pair: AUDNZD
Closing Price: 1.0788
Entry Order: BUY stop @ 1.0801
Stop loss: 1.0763
Take profit: 1.0927
Analysis: This pair has formed a double-bottom price pattern in early April near the 1.0000 level. Since putting in a bottom this pair has thrust higher. For the past few trading sessions this pair has been in a consolidation. Penetration above today’s key reversal bar should propel prices higher.
MWS Strategy Rules
All pending orders not triggered, should be cancelled before the beginning of the next daily session.
SL & TP orders are subject to modification based on prevailing market conditions.