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Hi Traders
Warm welcome to all new fellow traders on the largest portal of K2A students after Adam Harris promotion to the blogs, so kind of him to take such an initiative to help us. So far 42 students are on board with us which is really cool.
AUD/NZD is setting up nicely for Trend Reversal to go long, its completing following check list for Trend Reversal.
1. Strong Level of Horizontal Support (1.2050)
2. RSI Divergence
3. Fib Extension Level (1.618 - 2.000)
4. Bullish Price Action (Low Test Bar)
Strong level of 1.2050 is on all charts (Monthly, Weekly & Daily) so its a very strong level of support which makes trend reversal quite likely.
PS: Unfortunately the trade size is 104 pips, so the prop traders on half a percent risk won't be able to take this trade.
