Low Crawling to Higher Highs

The last two weeks AUDNZD has been ranging sideways between 1.0430 and 1.0510. Recent news in AUD and NZD caused a jump in price last week which quickly returned back down to make a new higher low. This has me thinking this could be time to slowly start moving on up.

Trade attivo:

.
LONG @ 1.0500
STOP @ 1.0435
TP1 @ 1.0630
TP2 @ 1.0725

Commento:

Well I knew this trade was not going to be a quick one... none of the 4 hour chart ideas ever are for me. But this pair sure likes having some weird triangle patterns. Not sure if this last one spells doom for my LONG position or not.

Trade chiuso: stop raggiunto:

RBNZD News totally went the opposite direction I thought it would. Strange. No change in rates.