Break of Monthly Down Trend - BUY Setup

Long

Australian Dollar / New Zealand Dollar (FX:AUDNZD)

Updated

FX:AUDNZD Australian Dollar / New Zealand Dollar

Broke upper trend line of monthly downtrend, looking to buy after consolidation.

Comment:

A perfect example of why we don't just buy or sell the breakout, but always wait for the consolidation and continuation pattern for that extra confirmation.

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