Buy AUD/NZD on next minor BOS
I had a similar trade 2 weeks ago but price action never reached my entry. This pair is approaching a very important level of Weekly 23.6% Fib retracement going back to April last year. I would expect a bounce at minimum but usually a larger correction on first attempt. There is employment data out of New Zealand tomorrow which could be the catalyst for a bigger move.
Buy Limit : 1.1913 minor BOS
Stop : 1.1843 under 23.6 Weekly Fib level
Profit : 1.2088 50 Daily MA ( moving)
Risk 1 : 2.5 / stop is 70 pips.