The AUDNZD formed a solid Bullish Engulfing Bar (BUEB) on the daily chart. This BUEB was discussed in the members area by Johnathon the Head Coach.
The BUEB was formed with the trend and at support. Price was also lined up with the 50% Fibonacci point for this market.
Once price broke the high of the BUEB it moved quickly higher and is now sitting at the near term resistance. This move higher has given the members who took this trade the chance to take profit, move to break even or both.
AUDNZD DAILY BUEB
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