AUDNZD – feedback on trade-plan of 5 Jan

The pair broke the trend-line bullish after a few false breakouts these past 2 months. The Daily closed with a big bullish candle on Friday, but at a high price, so expect a pull-back and look to buy and if the pair close below the trend-line again on at least a H4/Daily chart, it will once again be a false breakout.

AUDNZD - 7 JAN 2017

Source: Maryna

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