AUD/NZD:
Date: August 11, 2016
H4 Graph: Choppy/Sideway market - Its possible to form a long trend from here
The price made third higher low after Fib 50% correction and the price stopped and holds above horizontal support at 1,05500.
Alternative scenario: if the price moves lower below the diagonal support and below Fib 50%, where the price held last, will cancel the bullish view.
Technical Indicator:
DEM (14): In the oversold zone and turned up for long
Price for Entry long around: 1,05900
SL: 1.05200
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